GRACE LIFE-TECH (02112) is expected to reduce its net loss by about 65% to 73% year-on-year in 2025.
Grace Life Technology (02112) announced that the group expects to incur a net loss between 13 million and 17 million US dollars for the year ending December 31, 2025, a decrease of about 65% to 73% compared to the net loss of 48 million US dollars in 2024. The reduction in net loss was mainly due to the one-time provision for impairment of financial assets in the 2024 fiscal year, which was not provided for in the 2025 fiscal year.
GRACE LIFE-TECH (02112) announced that the group is expected to incur a net loss of between 13 million to 17 million US dollars for the year ending December 31, 2025, a decrease of approximately 65% to 73% compared to the net loss of 48 million US dollars in 2024. The decrease in net loss is mainly attributed to a one-time provision for impairment of financial assets in the 2024 financial year, which was not incurred in the 2025 financial year.
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