WING LEE PPT (00864) issued a profit warning, expecting a mid-term net loss of approximately HKD 54 million to about HKD 56 million, a year-on-year narrowing.

WING LEE PPT (00864) announced that the group expects to incur a net loss of approximately HKD 54 million to HKD 56 million for the six months ending June 30, 2026, compared to a net loss of approximately HKD 165 million for the same period in 2025. The expected decrease in net loss is mainly due to a lower decrease in the fair value of the group's investment properties for the six months ending June 30, 2026, compared to a higher decrease for the same period in 2025. The group also anticipates incurring other comprehensive expenses of approximately HKD 17 million to HKD 19 million for the six months ending June 30, 2026, compared to other comprehensive expenses of approximately HKD 30.7 million for the same period in 2025. This is primarily due to a continued decrease in the fair value of the fund and fund properties for the six months ending June 30, 2026. The unrealized valuation changes will not be reclassified to profit or loss, as they are non-cash items and do not affect the group's daily operations and cash flow. The total comprehensive expenses expected for the six months ending June 30, 2026, will be approximately HKD 71 million to HKD 75 million, whereas the total comprehensive expenses for the same period in 2025 were approximately HKD 196 million.