HKC International Holdings Ltd. Reports Sharp Revenue Decline to HK$85.56M and Net Loss of HK$8.45M for Fiscal Year Ending March 2025

Reuters
Yesterday
HKC International Holdings Ltd. Reports Sharp Revenue Decline to HK$85.56M and Net Loss of HK$8.45M for Fiscal Year Ending March 2025

HKC International Holdings Ltd. has announced its audited consolidated results for the year ended 31 March 2025. The Group reported total revenue of HK$85.561 million, a significant decrease from HK$176.302 million in the previous year. The cost of sales also decreased to HK$53.863 million from HK$130.929 million in 2024, resulting in a gross profit of HK$31.698 million compared to HK$45.373 million the previous year. The segment revenues revealed that sales of mobile phones in Hong Kong generated HK$5.921 million, while sales of IOT solutions in Hong Kong contributed HK$75.018 million. Sales of IOT solutions in Mainland China and other countries in South East Asia amounted to HK$3.129 million, and property investment revenue was HK$1.493 million. The report indicates a total segment loss of HK$8.453 million for the year. Notably, the company recorded a fair value loss on investment properties amounting to HK$18.300 million, slightly increased from the HK$18.090 million loss reported in the previous year. Additionally, there was a fair value gain on financial assets at fair value through profit and loss of HK$5, marking an improvement from a loss of HK$332 in 2024. The document does not provide specific outlook or guidance for the upcoming year.

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