MEDINET GROUP (08161) issues profit warning, expecting a loss before tax for the year not exceeding HK$3.3 million.

MEDINET GROUP (08161) announces that it expects the group to incur a pre-tax loss of not more than HK$3.3 million for the year ending March 31, 2026, compared to a pre-tax loss of approximately HK$4.7 million for the year ending March 31, 2025. This is calculated after excluding a one-time gain of approximately HK$12.8 million recognized from the sale of the subsidiary, Hengquan Limited, in the previous reporting period. The decrease in loss is mainly attributed to (i) the completion of the sale of the loss-making subsidiary, Hengquan Limited, in February 2025, leading to a reduction in operating losses for the reporting period; and (ii) effective cost control measures implemented during the reporting period.