HANVEY GROUP Issues Profit Alert, Anticipates Annual Turnaround with Profit of at Least HK$500,000
Stock News
Mar 28
HANVEY GROUP (08219) has announced that the group expects to record a profit attributable to its owners of no less than approximately HK$500,000 for the fiscal year ending December 31, 2025. This represents a significant improvement compared to the loss attributable to owners of about HK$19.23 million reported for the year ended December 31, 2024. The Board of Directors attributes this turnaround to several key factors, including a reduction in interest expenses following the repayment of the group's bank borrowings. Additionally, no impairment losses were recognized on property, plant, and equipment during the year, unlike the previous year which saw an impairment loss of approximately HK$8.66 million.
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