Chevalier International Reports Increase in Revenue to HK$9.27 Billion for Year Ended March 2025, Despite Operating Loss of HK$300.8 Million
Reuters
Jun 26
Chevalier International Reports Increase in Revenue to HK$9.27 Billion for Year Ended March 2025, Despite Operating Loss of HK$300.8 Million
Chevalier International Holdings Limited has announced its audited consolidated results for the year ending 31 March 2025. The company reported total revenue of HK$9.265 billion, an increase from the previous year's HK$8.196 billion. However, the cost of sales also rose, leading to a decrease in gross profit to HK$638.992 million from HK$854.697 million in the previous year. The company recorded an operating loss of HK$300.803 million, compared to a loss of HK$154.488 million the previous year. This was influenced by other losses, net, amounting to HK$490.008 million and selling and distribution costs of HK$179.093 million. Administrative expenses also slightly decreased to HK$382.983 million from HK$395.643 million in the previous year. Chevalier International Holdings' share of results from associates was HK$133.018 million, down from HK$169.739 million, while its share of results from joint ventures was a loss of HK$51.531 million. The financial results reflect the challenges faced by the company, though no specific guidance or outlook for future performance was provided.
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