WEB3 META issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 19 million to HKD 21 million
WEB3 META issued a profit warning, expecting a shareholder loss of approximately HKD 19 million to 21 million for the year ending June 30, 2025, while anticipating a shareholder profit of approximately HKD 18 million for the year ending June 30, 2024. The main reason for the loss is due to changes in market risk, leading the group to increase the credit loss provisions for other receivables and prepayments
According to the announcement from WEB3 META (08093), the group expects to incur a loss attributable to shareholders of approximately HKD 19 million to HKD 21 million for the year ending June 30, 2025, while it is expected to achieve a profit attributable to shareholders of approximately HKD 18 million for the year ending June 30, 2024.
The significant decrease in the expected profit attributable to shareholders for the fiscal year 2024 to a loss attributable to shareholders for the fiscal year 2025 is mainly due to the group's increase in credit loss provisions for other receivables and prepayments in the fiscal year 2025, in light of the current overall market risk changes, resulting in an increase in the loss amount
