LAPCO HOLDINGS (08472) Issues Profit Warning, Expects Interim Net Loss After Tax of Approximately HK$2.7-3 Million, Turning from Profit to Loss Year-over-Year

Stock News08-27

LAPCO HOLDINGS (08472) announced that it expects to record a net loss after tax of approximately HK$2.7 million to HK$3 million for the six months ended June 30, 2025, compared to a net profit after tax of approximately HK$6.9 million for the six months ended June 30, 2024, representing a turnaround from profit to loss. This change is primarily attributable to (1) the disposal of a subsidiary of the Group in the second half of 2024, which resulted in a reduction in business scale and corresponding decline in gross profit, and (2) a decrease of approximately HK$6.8 million in net proceeds from the disposal of machinery and equipment during the period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment