B · Normal
[New World Department Store China (00825) issued a profit warning: it expects annual losses attributable to shareholders to be no more than approximately HK$780 million Year-on-year profit to loss] On September 25th, New World Department Store China (00825) issued an announcement. According to the company’s unaudited comprehensive management accounts for the fiscal year ending June 30, 2026 (fiscal year 2026) and the current ability of the board of directors to Based on the preliminary assessment of the information obtained, compared with the profit attributable to shareholders of the Company for the financial year ending June 30, 2025, which was approximately HK$25.3 million, the Group expects to obtain a loss attributable to shareholders of the Company of no more than approximately HK$780 million in fiscal year 2026. The Group expects to turn from profit to loss in fiscal year 2026, mainly due to the after-tax impact of approximately HK$792 million from impairment losses on goodwill and fair value losses on investment properties.
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