East Money Securities (08001.HK) issued a profit warning, expecting the equity owners to incur a loss of approximately 214.2 million Hong Kong dollars for the year, turning from profit to loss year on year.

Financial news from The Wisdom Finance app: East Money Securities (08001.HK) announced that the group is expected to incur a loss of approximately 214.2 million Hong Kong dollars for the fiscal year 2024/2025, while a profit of around 3.4 million Hong Kong dollars was recorded for the year ended March 31, 2024. The increase in the loss attributable to the equity holders of the company is mainly due to the impairment of receivables and interest of approximately 196.7 million Hong Kong dollars.