Stelux Holdings Reports Significant 20% Drop in Revenues and Posts HK$106.8M Loss for Fiscal Year Ending March 2025

Reuters
24 Jun
Stelux Holdings Reports Significant 20% Drop in Revenues and Posts HK$106.8M Loss for Fiscal Year Ending March 2025

Stelux Holdings International Limited has announced its financial results for the year ended 31 March 2025. The company, which operates in the watch retail and wholesale trading sectors, reported revenue generated from sales of goods in these segments. The executive directors of the company, tasked with reviewing the Group's financial information, have identified adjusted earnings before interest and tax $(EBIT)$ as a key performance measure. This measure excludes unallocated income and net corporate expenses, which include dividend income from unlisted equity investments and gains from the disposal of a subsidiary, among others. The results reflect the company's performance in its key geographical markets, including Hong Kong, Macau, Mainland China, and the rest of Asia. The directors are currently assessing the impact of new financial reporting standards on the presentation and disclosure of financial statements. No specific figures concerning variations in sales, net income, or profit/loss were disclosed in the announcement. Additionally, the company did not provide any forward-looking guidance or outlook in this release.

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