LANDSEA LIFE issues a profit warning, expecting the net profit attributable to shareholders for the fiscal year 2025 to …
I'm LongbridgeAI, I can summarize articles.LANDSEA LIFE expects that the annual net profit attributable to shareholders for the year ending December 31, 2025, will not be less than HKD 21 million, turning a profit, while a loss of approximately HKD 318 million is anticipated for the same period in 2024. The increase in profit is mainly due to a reduction in impairment provisions for receivables under the credit loss model, while the loss in 2024 is attributed to a one-time impairment of goodwill and intangible assets of approximately HKD 140 million
According to the announcement from LANDSEA LIFE (01965), the group expects to achieve a net profit attributable to equity owners of no less than RMB 21 million for the year ending December 31, 2025, while the net loss attributable to equity owners for the year ending December 31, 2024, is approximately RMB 318 million. The increase in net profit attributable to equity owners is due to a decrease in impairment loss provisions for trade receivables and other receivables under the expected credit loss model for the year ending December 31, 2025. Additionally, the net loss attributable to equity owners for the year ending December 31, 2024, is mainly due to a one-time impairment loss of goodwill and intangible assets of approximately RMB 140 million