VSING Issues Profit Warning, Anticipates Significant Rise in Shareholder Losses for 2025

Stock News03-25

VSING (08292) has announced that the group expects a substantial increase in the loss attributable to its owners for the 2025 fiscal year. The projected loss is set to rise by no less than approximately 70 million Malaysian ringgit compared to the loss of about 6.1 million ringgit recorded in the 2024 fiscal year. This significant increase is primarily due to the recognition of an impairment loss of no less than 60 million ringgit during the current year. The impairment is related to goodwill arising from the acquisition of an interactive entertainment technology platform and software business, as assessed by an independent third-party valuer.

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