GREAT CHI HLDGS (00021) issues profit warning, expecting to incur a loss of approximately HK$145 million to HK$160 million in 2025, with a year-on-year change from profit to loss.

Great Chi Holdings (00021) announced that the Group is expected to incur a loss of approximately HK$145 million to HK$160 million for the year ending December 31, 2025, compared to a profit of approximately HK$17 million in the same period last year. This is mainly attributed to (i) a decrease in income from property sales of the Group by approximately HK$72 million compared to the same period last year; (ii) a foreign exchange loss of approximately HK$42 million incurred by the Group in revaluing its financial liabilities for the year (compared to a foreign exchange gain of approximately HK$27 million in the same period last year); (iii) a fair value loss of approximately HK$38 million on investment properties acquired during the year; and (iv) a goodwill impairment loss of approximately HK$45 million for the year.