Wing Chi Holdings Ltd. Reports 20.3% Revenue Increase and 0.5 Cents EPS for Fiscal Year 2025, Amidst Intensified Market Competition

Reuters
06/20
Wing Chi Holdings Ltd. Reports 20.3% Revenue Increase and 0.5 Cents EPS for Fiscal Year 2025, Amidst Intensified Market Competition

Wing Chi Holdings Ltd. announced its annual results for the year ended 31 March 2025, reporting a notable increase in revenue and profit. The company's revenue grew to approximately HK$808 million, up from HK$671.9 million in the previous year. Despite this substantial growth in revenue, the company faced severe competition and pricing pressures in the foundation and site formation market, which impacted its gross profit margin. Net profit attributable to owners rose to approximately HK$4.4 million from HK$3.7 million in 2024. The profit per share also increased to approximately HK$0.5 cents, compared to HK$0.4 cents the previous year. The company attributed the increase in net profit to higher revenue, although it was moderated by adverse economic conditions in Hong Kong. The Board of Wing Chi Holdings Ltd. did not recommend the payment of a final dividend for the year. The company highlighted challenges in maintaining revenue levels and managing costs effectively due to the continued weakness in the Hong Kong economy. As of 31 March 2025, the Group's total assets stood at approximately HK$329.3 million, with current assets at about HK$254.3 million. The Group has primarily funded its liquidity and capital requirements through shareholder contributions, bank borrowings, and cash inflows from operating activities.

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. Wing Chi Holdings Ltd. published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.

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