Coliwoo Holdings Issues FY2025 Profit Guidance, Expects Stronger Core Results Despite Lower Net Profit Due to Property Revaluation
Link: https://links.sgx.com/1.0.0/corporate-announcements/F5CNC1QT24CIMPD6/4493b0b16c61b3d8731bf016babd6b0a451ca4987e7a3993e1e23f0c762fb5ba
Summary:
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Board anticipates higher core profit before tax for FY2025, but overall net profit before tax will decline compared to FY2024.
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Reduction driven by absence of net fair value gains on investment properties for the group and joint ventures, which had boosted previous year’s earnings.
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The final FY2025 results are pending and may be subject to further adjustments upon completion of unaudited financials.
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Shareholders and investors urged to exercise caution and seek professional advice before making trading or investment decisions.
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Maybank Securities serves as issue manager and global coordinator for Coliwoo Holdings’ SGX Mainboard listing.