Ever Reach Group (HKG:3616) expects a post-tax loss of between 200 million yuan and 260 million yuan for the year 2025, compared with 264 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.
The property developer's revenue is anticipated to fall by 5.9% to 13% to between 2.4 billion yuan and 2.6 billion yuan from 2.8 billion yuan in the prior-year period.
The firm attributed the loss forecast to a decline in gross profit margin from an increase in the provision for a drop in values of properties held or under development for sale.
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