Shun Wo Group Holdings Reports 50.1% Revenue Decline and Operational Loss for Fiscal Year Ending March 2025
Reuters
Jun 26
Shun Wo Group Holdings Reports 50.1% Revenue Decline and Operational Loss for Fiscal Year Ending March 2025
Shun Wo Group Holdings Ltd. has released its annual consolidated financial results for the year ended 31 March 2025. The Group reported revenue of approximately HK$166.3 million, marking a significant decrease of approximately HK$167.2 million or 50.1% compared to the previous year, which concluded on 31 March 2024. The Group also recorded a net loss of HK$5.7 million for the year, contrasting with a profit of HK$39.5 million in the prior year. The decline in revenue is attributed to a sluggish construction market, with property developers adopting a cautious approach. In response to these market conditions, the Group plans to expand its customer base through a flexible pricing strategy, which has been effective in previous years. Despite the challenges and fierce competition in the construction industry, the Group expresses confidence in achieving profitability. Additionally, the Group intends to maintain strict cost control measures to maximize shareholders' return. The construction industry is expected to remain sluggish over the next two years.
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