RICH GOLDMAN (00070) issues profit warning, expects annual loss of approximately HK$21 million

RICH GOLDMAN (00070) has announced that the Group is expected to record a loss of approximately HK$21 million for the financial year ended 30 June 2026 (FY2026), compared to a loss of approximately HK$102 million for the financial year ended 30 June 2025 (FY2025). The expected decrease in loss for FY2026 was primarily attributable to a reversal of impairment loss of approximately HK$3 million recognised in FY2026 in respect of the Group's hotel property classified as property, plant and equipment, as opposed to an impairment loss of approximately HK$39 million in FY2025; a decrease of approximately HK$28 million in the fair value loss on the Group's investment properties as compared to FY2025; and a decrease of approximately HK$8 million in the impairment provision and write-off in respect of the Group's loans receivable and interest receivable as compared to FY2025. The above reversal of impairment loss, fair value loss, impairment provision and write-off are all non-cash accounting treatment items in compliance with HKFRS Accounting Standards, and each of them has no impact on the Group's operating cash flow.