(Infocast News) SE ASIA PPT(00252) issued profit warning. The annual results of the Group for the year ended 31 March 2025 are expected to record a net loss of not less than HK$10 million as compared with the profit for the year ended 31 March 2024 which amounted to approximately HK$55.9 million.
The expected turnaround from profit to loss was primarily due to significant decrease in share of results of associates in current year compared with last corresponding year, due to a substantial one-off gain arising from change in fair value of the land of the Group’s associate, Titan Dragon Properties Corporation after reverting the title and re-possession of the land in last corresponding year. (SY)