Wah Wo Holdings (09938.HK): Expected to Swing From Profit to Loss for the Year, Pre-tax Loss of No Less Than HK$1.8 Million

NewTimeSpace News: On June 15, 2026, Wah Wo Holdings (09938.HK) issued a profit alert. The company is expected to record a pre-tax loss of no less than around HK$1.8 million for the current year, compared with a pre-tax profit of approximately HK$24 million in the previous year, representing a swing from profit to loss.

The change is mainly attributable to the following factors: gross profit of the construction and ancillary services segment decreased by about HK$8.2 million due to delayed progress of ongoing projects; fair value loss on investment properties rose by HK$1.7 million; administrative expenses increased by HK$5.8 million, mainly due to higher salaries and bonuses for directors and staff; and write-backs of impairment losses dropped by roughly HK$8.7 million.

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