QUAM PLUS FIN issued a profit warning, expecting that the interim consolidated profit before tax will not exceed approximately HKD 3 million, a year-on-year decrease
QUAM PLUS FIN issued a profit warning, expecting that the interim consolidated profit before tax for the period ending June 30, 2025, will not exceed approximately HKD 3 million, a year-on-year decrease of about 75%. The board pointed out that the decline in profit is mainly due to losses from changes in the fair value of investment properties and a decrease in the net reversal of credit losses, but the impact was partially offset by cost control, the sale of investment properties, and a reduction in investment losses from medical and health services
According to the Zhitong Finance APP, QUAM PLUS FIN (00952) announced that the Group expects its unaudited consolidated profit before tax for the six months ending June 30, 2025, to be no more than approximately HKD 3 million, compared to an unaudited consolidated profit before tax of approximately HKD 12 million for the six months ending June 30, 2024.
The Board of Directors believes that the decline in unaudited consolidated profit before tax for the six months ending June 30, 2025, is mainly due to the recognition of losses from changes in the fair value of investment properties and a decrease in the net reversal of expected credit losses during the period. The above impacts have been partially offset mainly through cost control measures to reduce expenses, gains from the sale of an investment property during the period, and a reduction in investment losses from Yikangtong Medical Health Technology Management Co., Ltd
