Pacific Bar (08432.HK) released its earnings report with an expected annual net profit attributable to shareholders of approximately HK$13 million to HK$16 million, turning a loss into a profit compared to the previous year.

Wisdom Financial APP News, Pacific Bar (08432.HK) announced that the Group expects to reverse to a profit for the year ended March 31, 2026 (current year), with the net profit attributable to equity holders of the Company ranging from approximately 13 million Hong Kong dollars to 16 million Hong Kong dollars. In contrast, for the year ended March 31, 2025 (corresponding year), the net loss attributable to equity holders of the Company was approximately 18 million Hong Kong dollars. The Group's performance turnaround to profit is mainly due to a decrease in fair value loss on investment properties from approximately 2.7 million Hong Kong dollars in the corresponding year to approximately 0.7 million Hong Kong dollars in the current year, as well as the implementation of cost control measures resulting in a decrease in average costs per site. Furthermore, the net loss attributable to equity holders of the Company in the corresponding year was mainly due to a one-time impairment loss of approximately 11 million Hong Kong dollars on properties, factories, equipment, and rights to use assets.