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<Alert> Alpha Enterprise (00948.HK) Expects Annual Turnaround to Profit, Earning Up to HKD90M
Alpha Enterprise (00948.HK) issued a positive profit alert, expecting to record a profit ranging from HKD75 million to HKD90 million for the year ended March this year, compared wi...
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<Alert> Alpha Enterprise (00948.HK) Expects Annual Turnaround to Profit, Earning Up to HKD90M
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Alpha Enterprise (00948.HK)  -0.015 (-7.500%)   issued a positive profit alert, expecting to record a profit ranging from HKD75 million to HKD90 million for the year ended March this year, compared with a loss of approximately HKD199 million in the same period last year.

Dividend History
Announce DateEventParticular
2025/11/28InterimNo Dividend
2025/06/30FinalNo Dividend
2024/11/29InterimNo Dividend
2024/06/28FinalNo Dividend

The board of directors believes the turnaround from loss to profit was mainly attributable to gains recognised during the year from the disposal of the companys subsidiaries, including the disposal of a 70% economic interest in Shenyang Jinyi E-commerce Co., Ltd., and the disposal of Alice Trading, which involved arbitration with The Infant Food Company Pty Limited. Before the Group disposed of Alice Trading in March this year, it had recorded liabilities exceeding HKD135 million based on the arbitration award. The total gain from the disposal of subsidiaries is expected to exceed HKD130 million. Apart from the consideration received, the principal gain from the disposal of Alice Trading is non-cash and non-recurring in nature.

Although the Group expects to record a loss from its core business operations during the period, such losses are expected to narrow YoY, mainly due to reductions in selling and distribution expenses as well as administrative expenses. Part of the disposal gains will be offset by losses generated from the Groups business operations. (sl/a)(HK stocks quote is delayed for at least 15 mins.)
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