NEWTREND GROUP (02573) announced that the Group expects its annual profit for the year ending December 31, 2025, to decrease significantly compared to the year ending December 31, 2024. The anticipated decline is approximately 60% to 80%. Based on the information currently available to the Company, the Board of Directors attributes the expected profit reduction primarily to a decrease in net exchange gains, coupled with increases in administrative expenses, credit impairment losses, and finance costs when compared to the previous financial year.
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