YGM Trading Ltd. Reports 26% Revenue Drop and $24.4M Loss for Fiscal Year Ended March 2025

Reuters
06/25
YGM Trading Ltd. Reports 26% Revenue Drop and $24.4M Loss for Fiscal Year Ended March 2025

YGM Trading Ltd. has released its financial results for the year ended 31 March 2025. The company reported a decrease in revenue, with total revenue dropping to HK$177.852 million from HK$238.435 million in the previous year. The sales of garments saw a significant decline, generating HK$119.017 million compared to HK$182.623 million in 2024. Conversely, the royalty and related income increased to HK$21.739 million from HK$19.861 million, and income from printing and related services rose slightly to HK$27.462 million from HK$27.084 million. The consolidated statement of profit or loss shows a net loss before taxation of HK$24.361 million, an increase from a loss of HK$6.031 million in the prior year. This increased loss can be attributed to valuation losses on investment properties amounting to HK$17.450 million and impairment losses on intangible assets of HK$5 million. The finance costs were reduced to HK$2.352 million from HK$3.722 million. The company's gross profit decreased to HK$117.464 million from HK$166.962 million, while other net gain increased to HK$9.537 million from HK$3.807 million. Distribution costs decreased to HK$79.695 million from HK$118.558 million, and administrative and other operating expenses were reduced to HK$46.865 million from HK$54.520 million. YGM Trading Ltd. has not provided any specific outlook or guidance for the upcoming year in the released document.

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. YGM Trading Ltd. published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.

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