STAR GROUP ASIA (01560) issues profit warning. It is expected that the company's equity holders' losses for the year 2025 will narrow by approximately 299.3 million Hong Kong dollars compared to the previous year.
Stellar Group (01560) announced that compared with the company's equity holders' share of approximately HK$605 million in losses for the year ended December 31, 2024, it is expected that the group will have a decrease in losses for the year ending on December 31, 2025, with equity holders' share of approximately HK$299.3 million in losses. The expected decrease in losses is mainly due to: property sales turning from loss to profit (excluding impairment of properties held for sale); and a decrease in financing costs for the current year (net of capitalized amounts related to qualified assets). However, the main reasons for the losses for the current year are: impairment of properties held for sale; and losses from fair value changes of investment properties.
STAR GROUP ASIA (01560) announced that the loss attributable to equity holders of the company for the year ended December 31, 2024 is expected to be approximately HK$605 million, compared to a projected loss of approximately HK$299.3 million for the year ended December 31, 2025. The expected reduction in losses is mainly due to property sales turning a loss into profit (excluding impairment of properties held for sale) and a decrease in financing costs for the year (after deducting the capitalized amount of qualified assets). However, the main reasons for the losses incurred this year are impairment of properties held for sale and losses from fair value changes in investment properties.
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Bank Of Chongqing (01963) will distribute a final dividend of HKD 0.2918 per share.

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