CHINA-HK PHOTO issued a profit warning, expecting an annual net loss attributable to shareholders of no more than HKD 3 million, turning from profit to loss year-on-year
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CHINA-HK PHOTO expects that the annual net loss attributable to shareholders for the year ending March 31, 2025, will not exceed HKD 3 million, a significant turnaround from the net profit of HKD 29.8 million for the same period in 2024. The main reasons include weak consumer sentiment, failure to obtain income tax credits, impairment of trade receivables from customers, poor performance of some retail stores, and an expanded loss in the valuation of investment properties. After excluding non-cash items, the expected net profit will not exceed HKD 20 million
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