HANVEY GROUP (08219) announces profitability, expecting annual net profit attributable to shareholders to be not less than approximately HK$500,000, reversing from a loss to a profit on a year-on-year basis.
Heng Wei Group Holdings (08219) announced that the group is expected to record a profit attributable to owners of the company of not less than approximately 500,000 Hong Kong dollars for the year ending December 31, 2025, while a loss attributable to owners of the company of approximately 19.23 million Hong Kong dollars was recorded for the year ending December 31, 2024. The board of directors believes that the change from loss to profit is mainly due to (including) (i) a reduction in interest expenses after repaying the group's bank borrowings; and (ii) no impairment losses on properties, factories, and equipment during the year (2024: impairment loss of approximately 8.66 million Hong Kong dollars).
HANVEY GROUP (08219) announces that the group is expected to record a profit attributable to owners of the company of not less than approximately HK$500,000 for the year ending on December 31, 2025, while a loss attributable to owners of the company of approximately HK$19.23 million was recorded for the year ending on December 31, 2024. The board of directors believes that the change from loss to profit is mainly attributable to (including) (i) a reduction in interest expenses after repaying the group's bank borrowings; and (ii) no impairment losses on properties, factories, and equipment during the year (2024: impairment loss of approximately HK$8.66 million).
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