Mobicon Group Limited has issued a profit warning, indicating a significant decline in profitability for the year ended 31 March 2025. The Group anticipates a loss attributable to shareholders between HK$11 million and HK$13 million, compared to a loss of approximately HK$4.89 million in the previous year. The downturn is primarily attributed to reduced demand for the Group's electrical components in South Africa and decreased customer spending in Hong Kong. The company advises shareholders and potential investors to exercise caution when dealing with its shares, as the figures are based on unaudited management accounts and the final results may differ. The annual results announcement is expected to be published in late June 2025.
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