---
title: "FW HOLDINGS issues a profit warning, expecting to achieve an annual profit of approximately HKD 13 million, turning losses into profits year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232765793.md"
description: "FW HOLDINGS expects to achieve a profit of approximately HKD 13 million for the year ending December 31, 2024, turning a loss into a profit. The company's revenue increased from HKD 39 million to approximately HKD 85 million, mainly due to the launch of hotel operations and related businesses, as well as an increase in rental and property management income. In addition, the fair value changes of financial assets increased by approximately HKD 29 million, and significant gains from the revision of other borrowings amounted to approximately HKD 65 million"
datetime: "2025-03-21T14:51:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232765793.md)
  - [en](https://longbridge.com/en/news/232765793.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232765793.md)
---

# FW HOLDINGS issues a profit warning, expecting to achieve an annual profit of approximately HKD 13 million, turning losses into profits year-on-year

According to the Zhitong Finance APP, FW HOLDINGS (00572) announced that it expects to achieve a profit of approximately HKD 13 million for the year ending December 31, 2024, compared to a loss of approximately HKD 152 million in the same period last year. This is mainly due to the company's revenue increasing from HKD 39 million in the same period last year to approximately HKD 85 million during the reporting period, attributed to the commencement of hotel operations and related businesses, as well as increased rental income and property management income. During the reporting period, the fair value changes of financial assets measured at fair value through profit or loss increased by approximately HKD 29 million, compared to a decrease of approximately HKD 55 million in the same period last year. The reversal of credit loss provisions for other receivables was approximately HKD 23 million, while the credit loss provisions for other receivables in the same period last year were approximately HKD 12 million. The gain from significant revisions of other borrowings during the reporting period was approximately HKD 65 million. Additionally, the expected credit loss provisions for receivables and interest increased from approximately HKD 3 million in the same period last year to approximately HKD 12 million during the reporting period

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