MOST KWAI CHUNG (01716.HK): interim loss of up to HKD 2.7 million

NewTimeSpace · 2026/11/09 17:41 · By Xuran Lin

On 9 November 2026, MOST KWAI CHUNG (01716.HK) flagged a first-half loss of up to HKD 2.7 million, against a HKD 894,000 profit, on higher admin expenses.

Key Highlights:

The loss is a cap, not a fixed figure, at not more than HKD 2,700,000; the comparable period showed consolidated profit attributable to owners of HKD 894,000, a swing from profit to loss.
Higher administrative expenses are the main cause, with staff costs up on an expanded management team and professional fees rising significantly.

NewTimeSpace News: On 9 November 2026, Most Kwai Chung Limited (Stock Code: 01716) issued a profit warning under Rule 13.09 and the inside information provisions of Part XIVA of the SFO. Based on a preliminary assessment of unaudited management accounts, the group expects a consolidated loss attributable to owners of not more than HKD 2,700,000 for the six months ended 30 September 2026, against consolidated profit attributable to owners of HKD 894,000 a year earlier.

The announcement shows the swing to loss is mainly due to higher administrative expenses, driven by increased staff costs from an expanded management team and a significant rise in professional fees. The company said it is still finalising the interim results, the figures are unaudited and unreviewed by auditors and the audit committee and may be adjusted, and it expects to publish the interim results announcement by the end of November 2026, urging investors to exercise caution.

MOST KWAI CHUNG 01716.HK Profit Warning