According to an announcement by Sitoy Group Holdings Limited (Stock Code: 1023), the company expects to record a profit attributable to owners of not less than HK$12,000,000 for the six months ended 31 December 2025. This is a turnaround when compared to the loss of approximately HK$67,083,000 for the same period in 2024. The improvement is primarily attributed to the absence of a one-off loss tied to a terminated business initiative, as well as reduced impact from fair value changes in investment properties, supported by a stabilizing commercial property market in Hong Kong.
Revenue in the manufacturing business segment for the six months ended 31 December 2025 is expected to rise slightly from approximately HK$491,410,000 in the same period last year. However, profit before tax in this segment is expected to decline due to the appreciation of Renminbi against the United States dollar, which affected profit margins. Meanwhile, the retail segment anticipates lower revenue compared to the HK$315,691,000 reported for the same period in 2024, reflecting the termination of the Cole Haan Business. Nevertheless, it is expected to swing to a segment profit before tax rather than a loss, helped by the non-recurrence of a one-off significant loss incurred last year. The property investment segment, which recorded revenue of approximately HK$6,609,000 during the same period in 2024, is anticipated to remain steady and generate a profit before tax, in contrast to a loss before tax last year.
The company is finalizing the interim condensed consolidated financial statements for the period and notes that the figures have not been audited or reviewed by external auditors and the audit committee. The actual results may differ from those indicated in the preliminary assessment. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the company.