Profit Warning Issued by FUTURE BRIGHT (00703) as Annual Unaudited Profit Attributable to Shareholders Expected to Drop Approximately 23.3% to HK$4.6 Million

Stock News
Mar 13

FUTURE BRIGHT (00703) announced that, based on its unaudited management accounts, the Group recorded an unaudited loss attributable to the company's owners of approximately HK$12 million in the fourth quarter. In the fourth quarter of 2024, the Group had recorded an unaudited loss attributable to the company's owners of approximately HK$1.3 million. For the fiscal year ending December 31, 2025, the Group also achieved an unaudited profit attributable to the company's owners of approximately HK$4.6 million, compared to a profit of approximately HK$6 million in 2024, representing a decrease of about 23.3% period-on-period. During the year, the Group's turnover increased by approximately 2.6%, benefiting from a rise in visitor numbers to Macau and Hong Kong. The unaudited profit attributable to the company's owners for the year was approximately HK$4.6 million, primarily attributable to: (i) a loss of approximately HK$4.2 million from the food and beverage business; (ii) a profit of approximately HK$10.8 million from the food souvenir business; and (iii) a profit of approximately HK$6.4 million from the property investment business. The decrease in profit attributable to the company's owners for the year was mainly due to an increase in impairment losses on goodwill. During the year, the Group recognized a net fair value loss of approximately HK$3.5 million (2024: HK$7 million) on its commercial property, a major investment property located near a tourist hotspot at the Arch Shopping and Tourism Center, No. 2 Plaza, Jesuit Memorial Square, Macau.

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