KATO (HK) HLDGS issues a profit warning, expecting annual profit attributable to shareholders to decrease to no less than HKD 18 million
KATO (HK) HLDGS issued a profit warning, expecting the annual profit attributable to shareholders for the year ending March 31, 2025, to decrease to no less than HKD 18 million, a significant decline from HKD 64.2 million for the same period in 2024. The expected decrease is mainly due to the recognition of a fair value loss on investment properties of no less than HKD 23.3 million during the year
According to the Zhitong Finance APP, KATO (HK) HLDGS (02189) announced that the group expects to achieve a profit attributable to the owners of the company of no less than HKD 18 million for the year ending March 31, 2025, while the profit attributable to the owners of the company for the year ending March 31, 2024, is expected to be approximately HKD 64.2 million.
The expected decrease in profit for the year is mainly due to the recognition of a fair value loss on investment properties of no less than HKD 23.3 million during the year (corresponding year: income of HKD 18.6 million)
