New Sparkle Roll Reports 37% Revenue Decline to HK$2.07 Billion for Year Ended March 2025

Reuters
06-27
New Sparkle Roll Reports 37% Revenue Decline to HK$2.07 Billion for Year Ended March 2025

New Sparkle Roll International Group Ltd. announced its annual results for the year ended March 31, 2025. The company reported a significant decrease in revenue, which totaled HK$2.067 billion, compared to HK$3.265 billion in the previous year. The cost of sales was HK$1.927 billion, down from HK$2.958 billion the prior year, resulting in a gross profit of HK$140.96 million, a decrease from HK$306.35 million in 2024. The company disclosed several impairments impacting its financial performance, including HK$328.54 million on property, plant and equipment, HK$120.13 million on other intangible assets, and HK$29.32 million on goodwill. These impairments contributed to a decrease in total equity from HK$1.592 billion in 2024 to HK$970.28 million in 2025. New Sparkle Roll International operates in the distribution of luxury goods and automobiles, provision of after-sales services, property management, property rental services, money lending, and film-related business primarily in Hong Kong and Mainland China. The reported financial figures reflect the challenges faced by the company in the current fiscal year. No specific outlook or guidance has been provided in the announcement.

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. New Sparkle Roll International Group Ltd. published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

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