Mobicon Group Reports 16% Drop in Revenue to HK$287.3M and Posts HK$10.5M Loss for Fiscal Year Ending March 2025

Reuters
Jun 25
Mobicon Group Reports 16% Drop in Revenue to HK$287.<a href="https://laohu8.com/S/MMM">3M</a> and Posts HK$10.5M Loss for Fiscal Year Ending March 2025

Mobicon Group Limited has announced its audited consolidated results for the year ended 31st March 2025. The company reported a total revenue of HK$287.322 million, compared to HK$340.579 million in the previous year, indicating a decrease in sales. The sales of electronic components, electrical components, and equipment were HK$193.711 million, down from HK$223.141 million. Sales of computer products, mobile accessories, and service income fell to HK$54.109 million from HK$67.835 million, while sales of cosmetic products decreased to HK$39.502 million from HK$49.603 million. The company reported a loss for the year amounting to HK$10.480 million, a significant decline compared to a profit of HK$1.751 million in the previous period. The segment results before corporate expenses and finance costs were negative, with the electronic and electrical trading business reporting a loss of HK$3.083 million, the computer business a loss of HK$1.713 million, and the cosmetics and online retail business a loss of HK$1.321 million. Finance costs for the year were HK$2.753 million. The company has not provided specific guidance on the future financial outlook or the potential impact of new HKFRS Accounting Standards on its operations and financial position.

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