Reliance Global Holdings Limited has issued a profit warning for the fiscal year ending 31 March 2025 (FY2025), anticipating a net loss not exceeding HK$28 million. This marks an increase from the approximately HK$9.7 million loss recorded in the previous fiscal year (FY2024). The loss attributable to the owners of the company is expected to be no more than HK$18 million, compared to the HK$4.5 million loss in FY2024. The financial downturn is primarily attributed to the underperformance of the Group's timber supply chain operations, affected by a weak real estate market in China, reduced profit margins, and impairment loss on trade receivables. Additionally, the Group's money lending operations have suffered due to a reduced loan portfolio size and impairment losses on certain loans and repossessed assets. The Company is finalizing its annual results, with the official announcement scheduled for 27 June 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
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