PAK TAK INT'L issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately HKD 110 million to HKD 130 million
Pak Tak Int'l issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately HKD 110 million to HKD 130 million for the period ending June 30, 2025, a significant increase compared to the loss of HKD 36.8 million for the same period in 2024. The reasons for the loss include a significant increase in overall costs after the acquisition of the iron ore business, rising financial costs due to bank loans, and increased fair value losses on investment properties
According to the announcement from PAK TAK INT'L (02668), the group expects to record a loss attributable to equity shareholders of approximately HKD 110 million to HKD 130 million for the six-month period ending June 30, 2025, compared to a loss of HKD 36.8 million for the same period in 2024. The main reasons for the loss include:
(i) The completion of the acquisition of iron ore mining and beneficiation operations at the end of last year has led to a significant increase in overall costs, including direct costs, operating expenses, and administrative expenses; (ii) The mining business maintains bank loans of approximately HKD 405 million, resulting in increased financial costs for the group; and (iii) An increase in the fair value loss of investment properties
