SMART GLOBE (01481) Issues Profit Alert, Forecasts FY2025 Net Profit of HK$10-16 Million

Stock News
Jan 27

Compared to a net loss of approximately HK$12 million for the year ended December 31, 2024, the Group expects to achieve a net profit ranging between HK$10 million and HK$16 million for the year ending December 31, 2025. This anticipated turnaround is attributable to a combination of the following factors: the Supply Chain Management Services segment is expected to generate revenue of approximately HK$108 million to HK$114 million in fiscal year 2025 (FY2024: HK$9.5 million), representing an increase of about HK$98.5 million to HK$104.5 million. Concurrently, the Printing segment is expected to achieve revenue of about HK$90 million to HK$96 million in FY2025 (FY2024: HK$108.1 million), indicating a decrease of approximately HK$18.1 million to HK$12.1 million. Furthermore, the expected improvement in the Group's financial performance is primarily attributed to its successful expansion into the Sub-Saharan African market, which has generated substantial demand for the Group's supply chain management services, particularly logistics services, during FY2025.

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