BETTERLIFE HLDG (06909) Issues Positive Profit Alert, Anticipates Turning a Profit in FY2025

Stock News
Mar 20

BETTERLIFE HOLDINGS (06909) has announced a positive profit alert. The group expects to record an annual profit of no less than RMB 6 million for the year ending December 31, 2025, with profit attributable to company owners amounting to no less than RMB 1.5 million. This represents a significant turnaround compared to the previous fiscal year ending December 31, 2024, during which the company reported an annual loss of approximately RMB 16.2 million and a loss attributable to owners of approximately RMB 24.1 million. The board of directors attributes the expected profit for the current year primarily to the absence of non-cash write-offs related to intangible assets and goodwill. In contrast, such write-offs amounted to approximately RMB 37.9 million in the year ended December 31, 2024.

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