Yanhui Asia (08210.HK) issues profit warning, expects annual net profit after tax to drop to around HK$100,000.

Wisdom Financial News APP reported that Asia Pacific (08210.HK) disclosed that the group is expected to achieve a post-tax net profit of approximately 100,000 Hong Kong dollars for the fiscal year ending on March 31, 2025, while the post-tax net profit for the same period in 2024 was approximately 1.9 million Hong Kong dollars. According to the information currently available to the board of directors, the board believes that the main reasons for the change are due to the comprehensive impact of the following factors: (i) a decrease in revenue of approximately 8 million Hong Kong dollars; (ii) a decrease in staff costs of approximately 4.8 million Hong Kong dollars; and (iii) a decrease in settlement expenses and accounting errors of approximately 1 million Hong Kong dollars, all of which are consistent with the decrease in trading volume.