New World Department Store China (00825) issued a profit warning. It is expected that annual shareholders' losses will not exceed about HK$780 million in year-on-year profit and loss

According to Zhitong Finance App News, New World Department Store China (00825) issued an announcement. According to the Company's unaudited comprehensive management accounts for the financial year ended June 30, 2026 (FY2026) and the preliminary assessment of the information currently available to the board of directors, compared with the profit attributable to the Company's shareholders of approximately HK$25.3 million for the fiscal year ended June 30, 2025, the Group expects to obtain a loss attributable to the Company's shareholders of not more than HK$780 million in fiscal year 2026.

The Group anticipates a profit to loss in the 2026 fiscal year, mainly due to the after-tax impact of impairment losses on goodwill and loss of fair value of investment properties of approximately HK$792 million.