ALPHA PRO HLDGS(00948) announces profit growth, with an estimated annual profit of approximately 75 to 90 million Hong Kong dollars, turning around from a loss compared to the previous year.
Alpha Corporation (00948) announced that, compared to a loss of approximately 199 million Hong Kong dollars for the year ending on March 31, 2025, the Group expects to record a profit ranging from approximately 75 million Hong Kong dollars to 90 million Hong Kong dollars for the year ending on March 31, 2026.
ALPHA PRO HLDGS (00948) announced that compared to a loss of about 199 million Hong Kong dollars for the year ending March 31, 2025, the group expects to report a profit of between approximately 75 million and 90 million Hong Kong dollars for the year ending March 31, 2026. The main reason for the turnaround from loss to profit is the income generated from the sale of the group's subsidiary companies, including (i) the sale of 70% of the economic interest in Shenyang Golden Ant Electronic Commerce Co., Ltd., and (ii) the sale of Hong Kong Alice Trading Co., Ltd., the group's then-indirect wholly-owned subsidiary, which was involved in arbitration with The Infant Food Company Pty Limited. Before its sale in March 2026, the group had already recorded liabilities of over 135 million Hong Kong dollars based on the arbitration award. It is expected that the total income from the sale of subsidiary companies will exceed 130 million Hong Kong dollars. Besides the sale proceeds, the main income from the sale of Alice Trading (resulting from no longer consolidating its significant net liabilities) is of a non-cash and non-recurring nature.
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