TE HEALTHCARE issued a profit warning, expecting a mid-term net loss of approximately HKD 1.7 million, a year-on-year turnaround from profit to loss

TE HEALTHCARE issued a profit warning, expecting to incur a loss of approximately HKD 1.7 million for the interim period ending June 30, 2025, compared to a profit of approximately HKD 6.3 million for the same period in 2024. The loss is mainly due to one-time professional fees of about HKD 2.5 million triggered by the change of controlling shareholder and challenges in transitioning to a B2C business model. Although the gross margin improved to 42%, the gross profit is expected to decline by approximately HKD 2.1 million compared to the same period last year, with advertising expenses increasing by about HKD 1.3 million. Excluding one-time expenses, a profit of approximately HKD 800,000 is expected