LFG Investment Holdings Ltd. (03938.HK) issued a profit warning, expecting the annual net loss attributable to shareholders to be no less than HK$30 million.

Wise Financial News APP revealed that LFG Investment Holdings (03938.HK) announced that the group is expected to incur a net loss of not less than 30 million Hong Kong dollars attributable to equity holders of the Company for the year ending March 31, 2025. This net loss is mainly due to negative income of the investment fund not less than 7 million Hong Kong dollars for the year ending March 31, 2025, offset by the expected performance of other redeemable participating shareholders' share of comprehensive investment fund not less than 3 million Hong Kong dollars; a decrease in revenue from corporate finance advisory services, securities underwriting services, and margin financing services for the year ending March 31, 2025 as compared to the year ending March 31, 2024; and expected credit losses on accounts receivable not less than 6 million Hong Kong dollars for the year ending March 31, 2025.