New Century Group (00234) issued a profit warning, expecting the annual loss attributable to shareholders not to exceed 58 million Hong Kong dollars, turning from a year-on-year profit to a loss.

Intelligence Finance and Economics APP News, New Century Group (00234) announced that the group expects to have a loss not exceeding 58 million Hong Kong dollars attributable to the owners of the company for the fiscal year ending March 31, 2025 (current year), compared to a profit of approximately 22 million Hong Kong dollars attributable to the owners of the company last year. The expected performance has turned from profit to loss mainly due to fair value losses on the group's investment properties, partially offset by the increase in profits from securities trading activities. The group also received fair value gains on investment properties and profits from the sale of subsidiary companies in the previous year.