FAMOUS TECH INT (08100) has announced that the group expects to record a net profit of approximately HK$5.4 million for the fiscal year ending December 31, 2025. This compares to a net profit of about HK$7.2 million achieved in the 2024 fiscal year.
The projected net profit for the 2025 fiscal year is primarily attributable to the combined impact of the following factors: (i) The group's software business segment generated a profit of approximately HK$18.7 million (2024 fiscal year: approximately HK$19.8 million); (ii) The group's securities investment business segment recorded a profit of around HK$10.8 million (2024 fiscal year: approximately HK$5.2 million), mainly due to realized and unrealized gains of about HK$10.7 million (2024 fiscal year: approximately HK$5.0 million) from financial assets measured at fair value through profit or loss; (iii) The group's enterprise management solutions and IT contract services business segment reported a loss of approximately HK$5.6 million (2024 fiscal year: profit of about HK$0.4 million), primarily resulting from intense competition in the information technology industry and a goodwill impairment loss of around HK$4.1 million (2024 fiscal year: zero); (iv) The group's business-to-customer online sales platform and business-to-business product trading segment incurred a loss of about HK$0.9 million (2024 fiscal year: approximately HK$1.0 million); (v) Other corporate expenses amounted to approximately HK$15.5 million (2024 fiscal year: around HK$14.8 million).