VONGROUP issued a profit warning, expecting annual profit attributable to shareholders to be HKD 10 million to HKD 12 million, a year-on-year decrease
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VONGROUP issued a profit warning, expecting the annual profit attributable to shareholders for the year ending April 30, 2025, to be between HKD 10 million and HKD 12 million, a decrease of approximately HKD 9 million to HKD 11 million year-on-year. The main reason is the decrease in the fair value of the investment property portfolio, which is expected to decline by HKD 17 million to HKD 18 million. Management pointed out that this impairment is a non-cash accounting treatment and is not expected to have a significant impact on cash flow or operations
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