SINOLINK HOLD issued a profit warning, expecting a mid-term attributable loss of no more than HKD 535 million, an increase compared to the same period last year
SINOLINK HOLD issued a profit warning, expecting a mid-term attributable loss of no more than HKD 535 million for the period ending June 30, 2025, an increase from approximately HKD 150.5 million in the same period last year. The loss is mainly due to the recognition of a fair value loss of approximately HKD 497.9 million on convertible bonds. The board emphasized that this loss is a non-cash accounting adjustment, does not involve cash outflow, and does not reflect the group's core operating performance
According to the announcement from SINOLINK HOLD (01168), the group expects to incur a loss attributable to the owners of the company of no more than HKD 535 million for the six months ending June 30, 2025, compared to approximately HKD 150.5 million for the same period last year. The increase in loss is mainly due to the recognition of a fair value loss of approximately HKD 497.9 million on the company's convertible bonds for the six months ending June 30, 2025. The board emphasizes that this fair value loss is a non-cash accounting adjustment, does not involve any cash outflow, and does not reflect the group's underlying core operating performance, but is attributed to the application and compliance with relevant accounting standards
