COOLPOINT INNO issued a profit warning, expecting an annual net loss attributable to shareholders and total comprehensive expenses of approximately HKD 26 million to HKD 28 million
COOLPOINT INNO issued a profit warning, expecting a net loss attributable to shareholders and total comprehensive expenses of approximately HKD 26 million to 28 million for the year ending March 31, 2025, an increase from approximately HKD 14.5 million for the same period in 2024. The deterioration in performance is mainly due to lower profit margins on contracted projects and an increase in impairment provisions for trade receivables and contract assets
According to the Zhitong Finance APP, COOLPOINT INNO (08040) announced that the group expects to incur a net loss attributable to the company's owners and total comprehensive expenses of approximately HKD 26 million to HKD 28 million for the year ending March 31, 2025. For the year ending March 31, 2024, the group recorded a loss and total comprehensive expenses of approximately HKD 14.5 million. The deterioration in the group's performance is mainly attributed to the lower profit margins of several projects undertaken this year and an increase in provisions for impairment losses on trade receivables and contract assets for this year
