M&L Holdings (08152) Issues Profit Alert, Anticipates FY2025 Net Profit of HK$8-9 Million, Reversing Previous Loss
Stock News
Mar 16
M&L Holdings (08152) announced that the Group expects to record a net profit after tax of between approximately HK$8 million and HK$9 million for the year ending December 31, 2025. This represents a significant turnaround compared to a net loss of approximately HK$13 million for the year ended December 31, 2024. The Board of Directors attributes the expected improvement in performance from a loss to a profit primarily to an increase in both revenue and gross profit of approximately 22% and 50% respectively. Furthermore, the Group recorded a foreign exchange gain of approximately HK$4.3 million for the current year, in contrast to a foreign exchange loss of approximately HK$4.7 million in the preceding year.
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