HERALD HOLD (00114) announces expected annual attributable net profit of HK$25 million to HK$35 million, turning from a loss to a profit compared to the previous year.

HERALD HOLD (00114) announced that the Group expects the net profit attributable to shareholders for the year ending March 31, 2025 to be in the range of HK$25 million to HK$35 million (for the year ending March 31, 2024: a net loss attributable to shareholders of HK$14.4 million). This change is mainly due to realized and unrealized gains from trading securities of approximately HK$15 million (for the year ending March 31, 2024: a net loss from realized and unrealized gains from trading securities of HK$3 million), as well as cost savings achieved through effective control measures.