KING'S STONE(01943) issues profit warning. Expected annual after-tax loss is not less than HK$14 million.
Kingstone Group (01943) announced that the group is expected to record a net loss after tax of not less than HK$14 million for the fiscal year ending March 31, 2026 (current year), compared to a net loss of approximately HK$99.4 million for the fiscal year ending March 31, 2025. The expected decrease in loss for the current year is mainly attributable to (i) an increase in revenue from approximately HK$173 million to approximately HK$556 million; and (ii) a decrease in administrative expenses from approximately HK$48.8 million to approximately HK$30.8 million.
KING'S STONE (01943) announced that the group is expected to record a net loss after tax of not less than HK$140 million for the year ending on March 31, 2026 (current year), compared to a net loss of approximately HK$99.4 million for the year ending on March 31, 2025. The decrease in expected loss for the current year is mainly attributable to (i) an increase in revenue from approximately HK$173 million to approximately HK$556 million; and (ii) a decrease in administrative expenses from approximately HK$48.8 million to approximately HK$30.8 million.
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