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Star Group (01560)'s profit warning estimates that shareholders should account for losses of approximately HK$50 million in the medium term
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According to the Zhitong Finance App, Star Group (01560) announced that the Group expects to obtain a loss attributable to the company owner of about HK$50 million in the six months ending June 30, 2026, and a loss attributable to the company owner of about HK$20 million in the six months ending June 30, 2025. The increase in expected losses is mainly due to (i) gross loss of approximately HK$38 million in sales of property units during the period, while gross profit of approximately HK$13 million was obtained during the corresponding period; (ii) loss from changes in fair value of investment properties of approximately HK$30 million (same period last year: zero) was partially offset by (iii) revised income from bank loans obtained during the period of approximately HK$42 million (same period last year: zero).

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