Ocean One Holding Ltd. Reports 13.7% Drop in Revenue to HK$395.9 Million for Fiscal Year Ending March 2025
Reuters
Jun 03
<a href="https://laohu8.com/S/1B6.SI">Ocean</a> One Holding Ltd. Reports 13.7% Drop in Revenue to HK$395.9 Million for Fiscal Year Ending March 2025
Ocean One Holding Ltd. announced its financial results for the year ended 31 March 2025, reporting a revenue of approximately HK$395.9 million. This marks a decrease of about HK$62.9 million or 13.7% compared to the HK$458.7 million recorded for the year ended 31 March 2024. The decline in revenue is mainly attributed to reduced sales of products such as Clearwater arctic clams, Canada spot prawn, China processed scallop, Japan boiled scallop, Japanese frozen crab flavored fish cake, and frozen cooked abalone. The cost of goods sold for the year ended 31 March 2025 was approximately HK$330.2 million, reflecting a decrease of roughly 15.8% from the prior year's HK$392.2 million. The company has not provided specific guidance or outlook for future periods. Ocean One Holding Ltd. continues to focus on achieving the business objectives outlined in its prospectus dated 29 September 2017.
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