GOLDEN RES DEV issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 14.5 million, a year-on-year turnaround from profit to loss
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GOLDEN RES DEV issued a profit warning, expecting a shareholder loss of approximately HKD 14.5 million for the year ending March 31, 2025, a significant turnaround from a profit of HKD 106.8 million in the previous year. The reasons for the loss include a revaluation loss of investment properties of HKD 21.8 million, impairment losses on right-of-use assets and equipment of HKD 15.2 million, and an increase in selling and distribution costs of HKD 38.3 million, partially offset by a reduction in tax expenses of HKD 22.5 million
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