Cirtek Holdings Reports 2.4% Revenue Decline and 22.4% Drop in Net Profit for H1 2025 Amid Challenging Economic Environment

Reuters
08/28
Cirtek Holdings Reports 2.4% Revenue Decline and 22.4% Drop in Net Profit for H1 2025 Amid Challenging Economic Environment

Cirtek Holdings Ltd. reported its unaudited interim condensed consolidated results for the six months ended June 30, 2025. The Group's revenue for the period was HK$258.2 million, a slight decrease from HK$264.5 million in the same period in 2024. The cost of sales also saw a minor reduction to HK$136.6 million from HK$140.3 million. Gross profit decreased to HK$121.6 million from HK$124.2 million year-on-year. The net profit for the first half of 2025 was approximately HK$24.3 million, down from HK$31.3 million in the first half of 2024. This decline in net profit is attributed to price pressure from customers and suppliers, as well as increased operating costs due to inflation. Income tax expenses for the Group were significantly reduced to HK$3.5 million from HK$6.6 million compared to the previous year, reflecting the decreased profit during this challenging global economic environment. In terms of geographical revenue distribution, sales in the Chinese Mainland dropped to HK$85.4 million from HK$93.5 million, while sales in Bangladesh remained relatively stable at HK$45.1 million compared to HK$44.5 million in 2024. The Group did not provide specific outlook or guidance in the released interim results.

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. Cirtek Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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