CR ASIA (00831) Issues Profit Alert, Forecasts Over 40% Rise in Annual Profit Attributable to Shareholders for 2025

Stock News
Feb 10

CR ASIA (00831) announced that it anticipates the profit attributable to its shareholders for the fiscal year ending December 31, 2025, will increase by more than 40% compared to the previous year. The profit attributable to shareholders for the year ended December 31, 2024, was HKD 23.9 million. The board of directors attributes the expected profit growth primarily to non-recurring restructuring expenses related to the Guangzhou bakery retail business in 2024, alongside the full implementation of cost optimization measures across both its bakery and eyewear business segments. Despite the improved performance, the Hong Kong retail market continues to face challenges, mainly due to structural shifts in consumption patterns and frequent outbound travel by local residents, which pressures domestic spending. The group remains cautious regarding the market outlook.

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