STELUX HOLDINGS issues a profit warning, expecting an annual comprehensive loss attributable to shareholders of no less than HKD 100 million, turning from profit to loss year-on-year
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STELUX HOLDINGS issued a profit warning, expecting a consolidated loss attributable to shareholders of not less than HKD 100 million for the year ending March 31, 2025, a significant turnaround from a consolidated profit of HKD 473 million in the same period of 2024. The 2024 consolidated profit included gains of HKD 544 million from the sale of subsidiaries and watches; excluding this gain, the net loss for 2024 was HKD 71 million. The loss for 2025 is expected to exceed the adjusted loss for 2024, primarily due to impairment losses on investment properties and a decline in revenue of approximately 20%
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