"Profit Warning" ROYALE HOME forecasts a loss of 580 million to 730 million RMB last year
ROYALE HOME (01198.HK) issued a profit warning, expecting a loss of between RMB 580 million and RMB 730 million for the fiscal year 2025, compared to a loss of RMB 348 million in the previous year. The anticipated loss is mainly due to a decline in operating profit from furniture products; a significant decrease in gross profit from home decoration business settlements; an increase in general provisions; revaluation losses on investment properties; an increase in losses from joint ventures; and rising financing costs
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