Kingboard Holdings Limited (00320) issues profit warning, expecting a decrease of approximately 80% to 90% in the interim net profit attributable to shareholders.
Smart Finance and Economics APP news, Kin Shing Tong (00320) announced that the group's shareholders' attributable profit for the six months ended September 30, 2025 is expected to decrease by about 80%-90% compared to the same period last year, when the shareholders' attributable profit was approximately HKD 28.8 million. The main reasons for the decrease in shareholders' attributable profit are (i) a significant net foreign exchange gain of approximately HKD 9.3 million in the same period last year, which had a positive impact on the profit at that time, but there is no such non-recurring income in the current reporting period; and (ii) in response to evolving geopolitical risks and in alignment with the group's and its clients' strategic direction, the group is taking proactive investments to accelerate business and technology development, as well as expanding its overseas production layout. These forward-looking measures involve a prudent restructuring of resources to support the group's sustainable and long-term growth. Although these benefits have not yet fully materialized, they will lay a solid foundation for future development.
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