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Lung Kee Group (00255) issued a profit warning and expected annual net loss of not less than HK$21 million

Zhitongcaijing·01/05/2026 08:41:08
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According to the Zhitong Finance App, Longji Group (00255) issued an announcement. Compared with the net loss of HK$14 million for the year ended 31 December 2024, the Group is expected to achieve a net loss of no less than HK$21 million for the year ended 31 December 2025. The increase in net loss was mainly due to a decrease in the Group's sales revenue in a difficult market environment; for the year ended 31 December 2025, the fair value of investment properties decreased by HK$10.2 million (2024: HK$5.5 million) due to rent cuts in the Hong Kong retail property market.