AUTO ITALIA (00720) Issues Positive Profit Alert, Expects Interim Comprehensive Profit Attributable to Shareholders of Approximately HK$8-18 Million, Turning from Loss to Profit Year-over-Year

Stock News
Aug 20, 2025

AUTO ITALIA (00720) announced that the group expects to record comprehensive profit attributable to owners of the company of approximately HK$8 million to HK$18 million for the six months ended June 30, 2025, compared to comprehensive loss attributable to owners of the company of approximately HK$76.9 million for the period ended June 30, 2024. The group's improved performance during this period can mainly be attributed to (i) reduced unrealized fair value losses on the group's investment in an associate company measured at fair value through profit or loss to approximately HK$1.1 million during this period, compared to approximately HK$60.2 million in the prior period; and (ii) net unrealized fair value gains on investment properties of approximately HK$16.1 million during this period, compared to fair value losses of approximately HK$3 million in the prior period. The aforementioned fair value changes are non-cash in nature.

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