UNITAS HOLD issues a profit warning, expecting an annual net loss attributable to shareholders of approximately HKD 21 million to approximately HKD 24 million
UNITAS HOLD issued a profit warning, expecting a net loss attributable to shareholders of approximately HKD 21 million to HKD 24 million for the year ending March 31, 2025, a significant increase from the loss of HKD 190,000 in the same period of 2024. The reasons for the loss include a decrease in high-margin projects, increased operating losses from amusement parks, rising administrative expenses for the new theme park in Macau, and an increase in provisions for impairment of trade receivables. Nevertheless, the group's dry bulk shipping and logistics business continues to maintain stable growth
According to the announcement from UNITAS HOLD (08020), the group expects to incur a net loss attributable to the owners of the company of approximately HKD 21 million to approximately HKD 24 million for the year ending March 31, 2025, compared to a net loss of approximately HKD 190,000 for the same period in 2024. The increase in losses is mainly due to (i) a significant decrease in the number of relatively high-margin projects obtained from the group's brand management and marketing consulting services; (ii) an increase in operating losses from the Bao'an and Futian amusement parks and the "Ganawawa" store in Hong Kong; (iii) increased administrative expenses in preparation for the upcoming opening of the indoor theme park in Macau centered around the international IP brand Nickelodeon (with a total construction area of approximately 9,000 square feet); and (iv) an increase in impairment provisions for trade receivables from IP automation and entertainment businesses. The group's dry bulk shipping and logistics business continues to grow steadily, partially offsetting the above impacts
