NGAI HING HONG (01047) Announces Profit Forecast: Expected Annual Shareholder Attributable Profit Not Exceeding HK$1 Million, Turning from Loss to Profit Year-on-Year

Stock News
09/23

NGAI HING HONG (01047) announced that compared to the shareholder attributable loss of HK$18.041 million for the year ended June 30, 2024, the group expects to record shareholder attributable profit not exceeding HK$1 million for the year ending June 30, 2025.

During this year, the global political and economic environment remained complex and uncertain, with weak overseas terminal demand persisting. US tariff policies remained unclear, affecting the global supply chain landscape. Additionally, market consumer sentiment was less than ideal, leading customers to exercise caution in placing orders, which continued to pressure overall industry operations.

However, due to (1) the group's adherence to prudent operational principles and continuous optimization of product portfolio; (2) intensive cultivation of customer structure; and (3) seizing policy opportunities while advancing diversified business layout, the group achieved increases in overall sales volume, total revenue, and gross profit margin during the year, successfully recording a profit.

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