MOS HOUSE Issues Profit Warning, Anticipates Widening Annual Net Loss to at Least HK$18 Million

Stock News06-25

MOS HOUSE (HKEX: 01653) has announced a profit warning, stating that based on a preliminary review of the group's unaudited consolidated management accounts for the fiscal year ending March 31, 2026, and an assessment of currently available information, the group is expected to record a net loss attributable to its owners of not less than HK$18 million for the current year. This compares to a net loss of HK$3.4 million for the year ended March 31, 2025.

The board of directors attributes the increase in loss primarily to (i) a decrease of approximately HK$8.1 million in gross profit from sales of ceramic tiles and sanitary ware; and (ii) a non-cash impairment loss of about HK$14 million on the group's interest in an associate company.

These negative factors were partially offset by (i) an improvement in other operating expenses and financing costs during the current year; and (ii) a reduction of approximately HK$7.9 million in the fair value loss on investment properties.

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