RS MACALLINE preliminarily estimates that last year's net profit was negative
RS MACALLINE (01528.HK) announced that, based on preliminary calculations, it is expected that the net profit attributable to the owners of the parent company for the fiscal year 2025 will be negative. This is mainly due to the continued downturn in the real estate market leading to weakened demand in the home retail market. Over the past two years, the company's leasing and management income has remained at low levels, with rental rates showing a significant decline compared to previous years. As a result, the company has adjusted its expectations for future rental income, leading to a substantial decrease in the value of investment properties
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