Great Wall World (00524) issued a profit warning. It is expected that the consolidated loss attributable to shareholders in the medium term will increase by about HK$8.8 million to HK$9.8 million year-on-year

According to the Zhitong Finance App, Great Wall World (00524) announced that the Group expects to record a comprehensive loss attributable to unaudited shareholders of approximately HK$8.8 million to HK$9.8 million for the six months ended June 30, 2026 (this period), while the consolidated loss attributable to unaudited shareholders for the six months ended June 30, 2025 (previous period) is approximately HK$6.6 million.

The Board believes that the increase in net loss during the period was mainly due to the overall impact of: (a) a decrease of approximately HK$1.5 million in other revenue recognized during the period, mainly due to the overall impact of: (i) a reduction of approximately HK$1.1 million in other revenue from confirmed reimbursement from January 2020 to June 2020; (ii) there was no confirmation of revenue from early termination of tenancy arrangements during the period, compared to approximately HK$800,000 in the previous period; and (iii) confirmation of the transfer of trade payables of approximately HK$300,000 during the period, compared with none in the previous period Related other income; and (b) an increase of approximately HK$1 million in financial expenses during the period, mainly due to an increase in the average balance of a director's loan during the period.