Alpha Enterprise (00948.HK) issued a profit warning, expecting a significant year-on-year decrease in annual revenue.

Wisdom Finance APP News, Alpha Enterprise (00948.HK) announced that the group expects a significant decrease in revenue for the year ending March 31, 2025 compared to the previous year, mainly due to a decline in infant formula sales and a decrease in property investment income. In addition, the group is expected to incur a significant loss of no more than 200 million Hong Kong dollars in this fiscal year, compared to a loss of approximately 38.30 million Hong Kong dollars for the year ending March 31, 2024.