ZO FUTURE GROUP issues a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 320 million
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ZO FUTURE GROUP issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 320 million for the year ending June 30, 2025, a significant increase from the loss of HKD 182.8 million for the year ending June 30, 2024. The reasons for the increased loss include a decrease in broadcasting revenue due to the relegation of Birmingham City Football Club, increased loans raising financing costs, rising operating expenses of the club, increased amortization of intangible assets, and increased losses from joint ventures
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