Era Group Holdings (01023) issues profit warning, expecting a net loss of approximately HK$170 million to HK$190 million for the year.

The Zhilu Finance and Economics App reports that Era Group Holdings (01023) has announced that the group expects a net loss attributable to owners of the company of approximately HK$170 million to HK$190 million for the year ending June 30, 2025, whereas a net profit attributable to owners of the company of approximately HK$102 million was achieved for the same period in 2024. This is mainly due to: 1) An expected reduction in non-cash fair value revaluation of investment properties ranging from HK$105 million to HK$115 million; 2) One-time significant losses generated by the termination of the Cole Haan business.