Ulferts International Limited has released its annual results for the fiscal year ending March 31, 2025. The company reported a revenue of HK$153.0 million from the sale of furniture, marking a decrease from the previous year's revenue of HK$171.6 million. The cost of sales also decreased to HK$64.7 million from HK$72.0 million in the prior year. Despite a gross profit of HK$88.3 million, down from HK$99.7 million in the previous year, the company recorded a net loss before tax of HK$36.2 million, widening from a loss of HK$24.6 million the year before. The income tax expense increased significantly to HK$4.8 million from HK$0.4 million in 2024. The company continues to focus on its core business activities, which are centered on the retail and wholesale of imported furniture and special projects. No specific outlook or guidance was provided in the announcement.
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