B & S International Holdings Ltd. Issues Profit Warning, Predicts 40-50% Decline in Net Profit for 2025 Due to Weakened Consumer Market in Hong Kong
Reuters
Jun 12
B & S International Holdings Ltd. Issues Profit Warning, Predicts 40-50% Decline in Net Profit for 2025 Due to Weakened Consumer Market in Hong Kong
B&S International Holdings Ltd. has issued a profit warning, indicating an anticipated decrease in net profit for the fiscal year ending 31 March 2025. The company estimates a decline of approximately 40% to 50% compared to the previous year's net profit of around HK$34.9 million. This decline is attributed primarily to reduced revenue and gross profit in both its retail and distribution businesses, driven by a weakened consumer market in Hong Kong. Factors such as a challenging economy, increased outbound spending, and negative consumer sentiment have severely impacted local consumer behavior. In response to the volatile macroeconomic environment, B&S International plans to enhance its product offerings and marketing strategies to maintain sales and market share while implementing strict cost control measures to protect margins. The information is based on unaudited consolidated management accounts and other data currently available to the board, with the final audited results expected to be published on or around 26 June 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
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