WISDOMCOME GP (08079) issues profit warning, expecting annual net loss attributable to shareholders not to exceed HK$4 million, narrowing year-on-year.
Recon Holdings Limited (08079) announced that the group is expected to incur a net loss of not more than HK$4 million for the year ending March 31, 2026, compared to a net loss of approximately HK$45.4 million for the year ending March 31, 2025.
WISDOMCOME GP (08079) announced that the group is expected to have a net loss of not more than HK$40 million for the financial year ending March 31, 2026, compared to a net loss of approximately HK$454 million for the financial year ending March 31, 2025.
The announcement stated that the decrease was mainly due to reduction in administrative costs, reversal of impairment losses on trade receivables, reversal of impairment losses on loans and advances made to customers, and increased profits.
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