CHINA FORTUNE issued a profit warning, expecting an annual net loss of approximately HKD 31 million to HKD 36 million

Zhitong
2025.03.25 13:17
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CHINA FORTUNE expects an annual net loss of HKD 31 million to 36 million for the year ending December 31, 2024, a significant increase from HKD 15.1 million in the same period of 2023. The increase in losses is primarily due to losses from the sale of its mining business subsidiary and fair value losses on financial assets

According to the announcement from CHINA FORTUNE (00110), the group expects to incur a net loss of approximately HKD 31 million to HKD 36 million for the year ending December 31, 2024, compared to a net loss of approximately HKD 15.1 million for the year ending December 31, 2023.

The expected increase in net loss is mainly due to (i) losses from the sale of subsidiaries engaged in mining business for the year ending December 31, 2024; and (ii) fair value losses on financial assets measured at fair value through profit or loss assessed in accordance with applicable accounting standards

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