PRIME INTEL (08379) issued a profit warning, expecting a net loss for the year not less than HK $15 million, turning from profit to loss year-on-year.
Yingjian International (08379) announced that the Group is expected to incur a net loss of not less than HK$15 million for the year ending 31 March 2026, while a net profit of approximately HK$1.6 million was achieved for the year ending 31 March 2025. The shift from profit to loss is mainly attributable to (i) an increase in administrative expenses, primarily due to the increase in operating lease expenses under short-term lease arrangements, increased impairment losses on right-of-use assets, and increased employee costs; and (ii) an increase in interest expenses on bills discounted.
PRIME INTEL (08379) announces that the group is expected to incur a net loss of not less than 15 million Hong Kong dollars for the year ending March 31, 2026, while a net profit of approximately 1.6 million Hong Kong dollars was achieved for the year ending March 31, 2025. The shift from profit to loss is mainly attributed to (i) an increase in administrative expenses, primarily due to higher operating lease expenses under short-term lease arrangements, increased impairment losses on right-of-use assets, and higher staff costs; and (ii) an increase in interest expenses on bills receivable.
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