(Infocast News) HUNLICAR GROUP(03638) issued profit waring. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2025 and information currently available, the Group expects to record a loss for the year of approximately HK$73 million to HK$77 million representing a turnaround as compared to a profit for the year of approximately HK$11 million for the year ended 31 March 2024.
The anticipated turnaround was mainly attributed to two factors: (i) a change in fair value of approximately HK$56 million upon a transfer from property, plant and equipment to investment properties for the year ending 31 March 2025, and (ii) an impairment loss of approximately HK$9 million related to goodwill and intangible assets for the same year. (SY)