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Winfair Investment Issues Profit Warning Amid Rising Losses

Story Highlights
  • Winfair Investment anticipates a loss of HK$71-77 million for the fiscal year ending March 2025.
  • The increased loss is mainly due to a 123% rise in fair value loss of investment properties.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Winfair Investment Issues Profit Warning Amid Rising Losses

Elevate Your Investing Strategy:

Winfair Investment Co., Ltd. ( (HK:0287) ) has provided an announcement.

Winfair Investment Company Limited has issued a profit warning, indicating that the group is expected to incur a loss between HK$71 million and HK$77 million for the fiscal year ending March 31, 2025. This represents an increase in loss from the previous year, primarily due to a significant rise in the fair value loss of investment properties. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares as the financial results are still being finalized.

More about Winfair Investment Co., Ltd.

Average Trading Volume: 10,000

Technical Sentiment Signal: Sell

Current Market Cap: HK$150M

For detailed information about 0287 stock, go to TipRanks’ Stock Analysis page.

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