ASSET CHAIN (00616) issued a profit alert, expecting the net comprehensive loss for the year to significantly narrow to not more than HK$80 million.

Wealth Chain (00616) announced that compared with the comprehensive net loss of approximately HK$365 million for the year ended March 31, 2025, the Group's comprehensive net loss for the current year is expected to significantly decrease to not more than HK$80 million. The expected decrease in comprehensive net loss is mainly due to (including) the reversal of provision for diminution in value of development properties held for sale; an increase in net gain on fair value changes of financial assets recognized in profit or loss; a decrease in loss on sale of investment properties; a decrease in loss on modification of terms of convertible securities; and a reduction in financing costs, partially offset by an increase in provision for diminution in value of development properties held for sale.