Texwinca Holdings Reports 4.1% Revenue Increase to HK$5,585 Million and Decline in Profit to HK$116 Million for Fiscal Year Ending March 2025

Reuters
12 Jun
Texwinca Holdings Reports 4.1% Revenue Increase to HK$5,585 Million and Decline in Profit to HK$116 Million for Fiscal Year Ending March 2025

Texwinca Holdings Ltd. has announced its annual results for the year ended 31 March 2025. The company's revenue increased by 4.1% to HK$5,585 million, up from HK$5,367 million in the previous year. However, the profit attributable to the company's ordinary equity holders decreased by 12.1% to HK$116 million from HK$132 million in 2024. This decline in profit was influenced by various non-operating factors, including a HK$20 million rise in finance costs due to the expansion of the Vietnam facility, a HK$22 million carbon emission charge, and a HK$15 million increase in freight costs stemming from the Red Sea crisis. Despite these challenges, there was an HK$89 million gain from the resumption of the Guangzhou warehouses. The company also proposed a final dividend of HK1.0 cent per ordinary share and, in celebration of its 50th anniversary, a special final dividend of HK5.0 cents per ordinary share. The total annual dividend per ordinary share for the financial year will amount to HK10.0 cents, compared to HK7.0 cents in the previous year. The company's gross profit margin decreased to 23.6%, down from 26.3% in 2024, mainly due to the scale-up of the Vietnam facility and changes in the product mix.

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