IWS GROUP (06663) issues profit warning, expecting annual shareholder loss not exceeding 8 million Hong Kong dollars compared to profit last year.
International Wing Shing Group (06663) announced that it is expected to incur a loss of not more than 8 million Hong Kong dollars for the year ending March 31, 2026, compared to a profit of approximately 4.1 million Hong Kong dollars for the year ending March 31, 2025.
IWS GROUP (06663) announced that it is expected to incur a loss attributable to the owners of the company not exceeding HK$8 million for the year ending 31st March 2026, compared to a profit of approximately HK$4.1 million for the year ending 31st March 2025.
The Board of Directors believes that the expected decrease is mainly due to the increase in impairment of prepaid expenses, as well as the increase in impairment of other receivables and deposits, related to the following: impairment of HK$10 million related to sports event promotion investment; and impairment of approximately HK$3 million related to prepaid expenses for security technology projects in Mainland China.
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