Pacific Bar (08432) issued a profit warning, expecting an annual post-tax loss of approximately HK$160 million to HK$200 million.

The Pacific Bar (08432) announced that the group expects to incur a net loss after tax of approximately HK$16 million to HK$20 million for the year ending March 31, 2025 (current year), while it recorded a net profit after tax of approximately HK$800,000 for the year ending March 31, 2024 (2024). The expected net loss for the current year is mainly due to impairment loss provisions for property, factory and equipment, and right-of-use assets; a decrease in revenue due to consumer downgrading in Hong Kong; and fair value losses on investment properties.