CROWNICORP issued a profit warning, expecting annual consolidated profit attributable to shareholders to be approximately HKD 15 million to HKD 25 million, turning from a loss to a profit year-on-year
CROWNICORP released a profit warning, expecting a consolidated profit attributable to shareholders of approximately HKD 15 million to 25 million for the year ending March 31, 2025, reversing a loss of HKD 127 million in the same period last year. The main reasons are the reduction of financing costs from HKD 47 million to zero, and the subsidiary's losses decreasing to zero
According to the announcement from CROWNICORP (00727), the group is expected to achieve a consolidated profit attributable to shareholders of approximately HKD 15 million to HKD 25 million for the year ending March 31, 2025 (the current year), compared to a consolidated loss attributable to shareholders of approximately HKD 127 million for the year ending March 31, 2024 (the previous year). The consolidated profit attributable to shareholders for the current year is mainly due to a reduction in financing costs from HKD 47 million in the previous year to zero in the current year, as well as a decrease in losses from the sale of subsidiaries from HKD 101 million in the previous year to zero in the current year
