RUIXIN INT'L Issues Profit Warning, Anticipates FY2025 Loss Between HK$10-12 Million

Stock News03-26

RUIXIN INT'L (00724) announced that the group expects to record a loss of approximately HK$10 million to HK$12 million for the fiscal year ending December 31, 2025. This represents a significant decrease of about 71.2% to 76.0% compared to the loss of approximately HK$41.7 million reported for the fiscal year ending December 31, 2024. Based on currently available information, the reduction in loss for the 2025 fiscal year is primarily attributable to the following factors: (i) a recovery in the group's business operations, leading to the generation of both revenue and gross profit in FY2025 compared to FY2024; (ii) a decrease in financial costs related to the imputed interest expense on convertible notes in FY2025; and (iii) a reduction in administrative expenses for FY2025 compared to the previous fiscal year.

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