Wing Tai Holdings forecasts net loss for FY2025
This is due to fair value and impairment losses on properties overseas.
Wing Tai Holdings Limited reported that it is expecting a net loss for the financial year ended 30 June 2025 (FY2025) based on the preliminary assessment of its unaudited consolidated results.
The company will take into account the adverse change in the fair value of investment properties overseas and the provision for impairment losses on development properties overseas.
The group said its financial position remains healthy with a low net gearing ratio of approximately 0.29 times as at 30 June 2025.
The company is in the process of finalising its unaudited consolidated results for FY2025 and will disclose further details on 26 August 2025.