WAI CHUN BIOTEC (00660) Issues Positive Profit Alert, Expects Annual Results to Turn Around Year-on-Year to Not Less Than HK$30 Million

WAI CHUN BIOTEC (00660) announced that the Group expects to record a profit of not less than HK$30 million for the year ended June 30, 2026, compared with a net loss of approximately HK$10.7 million in the same period of 2025. The expected turnaround from loss to profit for the year is mainly attributable to a one-off reversal of impairment loss on property, plant and equipment of approximately HK$52.1 million, resulting from significant improvement in the actual operating performance and prospects of the cash-generating unit for the production and sale of modified starch, which amount was partly offset by a reversal of deferred tax assets of approximately HK$15 million.