WAH WO HOLDINGS (09938) issues profit warning, expecting annual pre-tax loss to be not less than approximately HK$1.8 million, turning from profit to loss year-on-year.

WAH WO HOLDINGS (09938) announced that it is expected to incur a loss of not less than approximately HK$1.8 million for the year ending 31 March 2026, compared to an audited pre-tax profit of approximately HK$24 million for the year ending 31 March 2025. The expected decrease in profit for the current year compared to the previous year is mainly attributed to four factors: (1) a decrease in gross profit of approximately HK$8.2 million in the construction and related services division due to the current progress of existing projects; (2) an increase of HK$1.7 million in fair value loss on investment properties; (3) an increase of HK$5.8 million in administrative expenses, primarily due to directors' and employees' salaries and bonuses; and (4) a decrease of approximately HK$8.7 million in reversals of impairment loss provisions.