Safety godown (00237) issued a profit warning, expecting the annual pre-tax loss to not exceed 260 million Hong Kong dollars.

Safety Godown (00237) announced that it is expected to incur a pre-tax loss not exceeding HK$260 million for the financial year ending March 31, 2025. This is compared to a pre-tax loss of HK$110 million for the financial year ending March 31, 2024, with revenue expected to be similar to the previous fiscal year. The expected loss is mainly attributed to a fair value loss of approximately HK$395 million in investment properties revalued as of March 31, 2025 (compared to a fair value loss of approximately HK$207 million as of March 31, 2024), partially offset by an increase in non-operating income from investments.