Sino Harbour Holdings Reports 41% Drop in Revenue and 60% Decline in Profit for FY2025; EPS Falls by 64%
Reuters
Jun 27
Sino Harbour Holdings Reports 41% Drop in Revenue and 60% Decline in Profit for FY2025; EPS Falls by 64%
Sino Harbour Holdings Group Limited has reported its financial results for the fiscal year ending 31 March 2025. The company recorded a revenue of approximately RMB526.0 million, a decline from RMB891.7 million in the previous fiscal year. This decrease is mainly attributed to the delivery of residential units and car park spaces of Sino Harbour • Guanlan Phase 2 in Yichun, China. The Group's profit after tax for FY2025 was approximately RMB12.5 million, down from RMB31.4 million in FY2024. Basic earnings per share also saw a decline, reported at RMB0.77 cents compared to RMB2.13 cents in the prior year. As of 31 March 2025, Sino Harbour Holdings had cash and bank balances amounting to approximately RMB132.3 million, a decrease from RMB184.4 million as of 31 March 2024. The Group's bank loans increased to approximately RMB565.0 million from RMB532.0 million the previous year. The Board has decided not to recommend the payment of a final dividend for FY2025. No specific guidance or outlook for future performance was provided in the announcement.
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