Understanding the Market | APAC RESOURCES fell over 6% after profit warning, expecting full-year net profit to decrease by up to HKD 240 million year-on-year

APAC RESOURCES fell over 6% after issuing a profit warning. As of the time of writing, it has dropped 6.59% to HKD 1.56, with a trading volume of HKD 8.6168 million. In terms of news, APAC RESOURCES issued a profit warning after the market closed yesterday. Based on a preliminary review of the available information for the group's fiscal year 2025, it is expected that the profit attributable to shareholders for the year ending June 30 this year will be approximately HKD 160 million to HKD 240 million, compared to approximately HKD 390 million for the same period last year. The announcement pointed out that the expected decrease in profit attributable to shareholders is mainly due to the commodity business segment generating a loss of approximately HKD 4 million in fiscal year 2025, compared to a profit in fiscal year 2024; the profit from resource investment and major investment and financial services segments is expected to decrease year-on-year in fiscal year 2025; the net impact of multiple factors has led to an increase in losses; and the net impact of multiple factors has partially offset the increase in profits