CHI HO DEV issued a profit warning, expecting annual performance to turn from profit to loss, with a forecast of HKD 12 million to 13 million

Zhitong
2025.06.20 14:04
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According to the Zhitong Finance APP, CHI HO DEV announced that it expects the group to incur a consolidated net loss of HKD 12 million to HKD 13 million for the year ending March 31, 2025, compared to a consolidated net profit of approximately HKD 10.1 million for the year ending March 31, 2024. The expected loss is mainly due to an impairment loss of approximately HKD 16 million on equity in joint ventures and a decrease in gross profit from renovation projects

According to the Zhitong Finance APP, CHI HO DEV (08423) announced that it expects the group to incur a consolidated net loss of HKD 12 million to HKD 13 million for the year ending March 31, 2025, compared to a consolidated net profit of approximately HKD 10.1 million for the year ending March 31, 2024. The expected loss is mainly due to an impairment loss of approximately HKD 16 million on equity in joint ventures and a decrease in gross profit from renovation projects

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