I-CONTROL announced a profit alert, expecting mid-term net profit not to exceed HKD 500,000, turning a profit compared to the same period last year
I-CONTROL announced a profit warning, expecting a mid-term net profit of no more than HKD 500,000 for the period ending September 30, 2025, turning around from a net loss of approximately HKD 17 million in the same period last year. The reasons for the turnaround include a reduction in loan impairment losses, a decrease in employee costs and other operating expenses, as well as the sale of loss-making subsidiaries
According to the Zhitong Finance APP, I-CONTROL (01402) announced that it expects the group to achieve a net profit of no more than HKD 500,000 for the six months ending September 30, 2025, while it recorded a net loss of approximately HKD 17 million for the six months ending September 30, 2024. The expected turnaround from loss to profit is mainly due to a reduction in impairment losses on loans provided to investment targets, a decrease in employee costs and other operating expenses, as well as the sale of subsidiaries with operating losses during the six months ending September 30, 2024
