Pan Hong Holdings Group expects to report a net loss for its 1HFY2025 ended Sept 30, on lower revenue from the transfer of control of property units in one of its developments called Run Ze Yuan.
In comparison, the revenue in 1HFY2024 was mainly attributable to more transfer of control of property units of Run Ze Yuan.
The company explains that as it is primarily engaged in property development business, revenue recognition is dependent on the launch of new projects and transfer of control of sold properties.
Consequently, revenue and profit looking across periods will appear irregular.
Pan Hong expects to report on or before Nov 14.
Pan Hong shares last traded at 9.9 cents.
