ORIENTAL PAY issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 34.2 million, a year-on-year decrease of about 7.9%
I'm LongbridgeAI, I can summarize articles.ORIENTAL PAY Holdings issued a profit warning, expecting a shareholder loss of approximately HKD 34.2 million for the fiscal year 2024/25, a year-on-year decrease of about 7.9%. The loss is mainly due to a kidnapping incident in Thailand during the 2025 Lunar New Year period, which led to a decline in bookings for Chinese tourists traveling to Thailand, affecting electronic payment transaction volumes
According to the announcement from ORIENTAL PAY (08613), the group expects to incur a loss attributable to the company's equity holders of approximately HKD 34.2 million for the fiscal year 2024/25, a decrease of about 7.9% compared to the loss of approximately HKD 37.2 million for the year ending March 31, 2024. The loss attributable to the company's equity holders for the fiscal year 2024/25 is primarily due to a highly publicized kidnapping case in Thailand during the 2025 Lunar New Year period. In response to safety concerns, the booking volume of Chinese tourists to Thailand has declined, highlighting the instability of the tourism-related market. Although the group performed strongly in the early part of the fiscal year 2024/25, this decline led to a reduction in the group's electronic payment transaction volume at the beginning of 2025