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Wang On Group Limited ( (HK:1222) ) has shared an announcement.
Wang On Group Limited has issued a profit warning, expecting a loss of up to HK$360 million for the six months ended September 2025, compared to a profit of HK$85.8 million in the same period last year. The loss is attributed to strategic asset disposals aimed at strengthening liquidity amid a downturn in the real estate market, resulting in a 25% reduction in net debt. Despite the loss, the company achieved record-high contracted sales in Hong Kong, indicating strong operational performance and positioning for future growth.
More about Wang On Group Limited
Wang On Group Limited is a diversified company based in Hong Kong, involved in real estate development, investment, and management, with a focus on residential and commercial properties.
YTD Price Performance: 23.81%
Average Trading Volume: 4,538,157
Technical Sentiment Signal: Buy
Current Market Cap: HK$323.7M
For an in-depth examination of 1222 stock, go to TipRanks’ Overview page.