SANDMARTIN INTL (00482) issues profit warning forecasting an annual comprehensive net loss of no less than HK$127 million.
Saint Martin International (00482) announced that the Group is expected to record a comprehensive net loss of not less than HK$127 million for the year ending December 31, 2025, compared to a comprehensive net loss of approximately HK$58.536 million for the year ending December 31, 2024.
SANDMARTIN INTL (00482) announces that the Group expects to record a comprehensive net loss of not less than HK$127 million for the year ending December 31, 2025, compared to a comprehensive net loss of approximately HK$58.536 million for the year ending December 31, 2024.
The expected comprehensive net loss for the reporting period is mainly due to (i) a decrease in the Group's revenue; (ii) an increase in expected credit loss allowances for financial assets; and (iii) a decrease in fair value gains on the Group's investment properties.
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