(01315) issued a profit warning, expecting a year-on-year decrease in the annual comprehensive net profit attributable to shareholders of approximately HK$8.5 million in the Green Economy sector.
Green Economy (01315) announced that the group expects to achieve an unaudited comprehensive net profit attributable to the owners of the company of approximately 8.5 million Hong Kong dollars for the year ending March 31, 2026, a decrease of about 6.9 million Hong Kong dollars from the audited comprehensive net profit attributable to the owners of the company of about 15.4 million Hong Kong dollars for the year ending March 31, 2025.
GREEN ECONOMY (01315) announces that the group is expected to achieve an unaudited comprehensive net profit attributable to owners of the company of approximately 8.5 million Hong Kong dollars for the year ending March 31, 2026, a decrease of approximately 6.9 million Hong Kong dollars compared to the year ending March 31, 2025.
The company believes that the decrease in profit of approximately 6.9 million Hong Kong dollars is mainly due to the following factors: a decrease in operating profit of approximately 16.5 million Hong Kong dollars, mainly due to a decrease in gross profit of approximately 22.2 million Hong Kong dollars and an increase in selling expenses of approximately 8.2 million Hong Kong dollars, partially offset by an increase in other income of approximately 9.7 million Hong Kong dollars and a decrease in income tax expenses of approximately 2.6 million Hong Kong dollars; and an increase in profit from discontinued operations of approximately 9.6 million Hong Kong dollars, mainly due to gaining revenue of approximately 11 million Hong Kong dollars from the sale of discontinued operations.
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