Karin Technology expects FY2026 net loss after HK$38.6 million catch-up depreciation charge

Reuters2026/08/05 09:57

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Karin Technology flagged an expected net loss for the year ended June 30, 2026, versus a net profit a year earlier.
The swing reflects a one-time, non-cash catch-up depreciation charge of HK$35.3 million tied to Karin Building’s reclassification under IFRS 5.
It also booked a related deferred tax expense of HK$3.3 million, taking the combined impact to about HK$38.6 million.
Excluding these accounting adjustments, the group would have recorded a net profit for the year.
Normal depreciation on the building resumed in the second half; FY2026 unaudited financial statements are scheduled for Aug. 27, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Karin Technology Holdings Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 598R7GRF5M17MTSA) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Karin Technology expects FY2026 net loss after HK$38.6 million catch-up depreciation charge

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