Kingmaker Footwear Reports 9.2% Decline in Revenue and Swings to HK$11.4 Million Gross Loss for Fiscal Year Ending March 2025
Reuters
Jul 01
Kingmaker Footwear Reports 9.2% Decline in Revenue and Swings to HK$11.4 Million Gross Loss for Fiscal Year Ending March 2025
Kingmaker Footwear Holdings Limited has announced its annual results for the year ended 31 March 2025. The company's revenue for the year was HK$625.9 million, a decrease of 9.2% compared to HK$689.3 million in the previous year. The company reported a gross loss of HK$11.4 million, a significant decline from the gross profit of HK$29.1 million recorded in the prior year. The company's total dividends per share for the year saw a decrease of 55.6%, dropping from 9.0 to 4.0. Cash and cash equivalents stood at approximately HK$353 million. The Chairman's statement highlighted that the period was marked by formidable challenges for the manufacturing sector, which tested the operations of Kingmaker Footwear. Despite these challenges, the company remains confident in the fundamental strengths of its business model. No specific outlook or guidance for the upcoming period was provided in the announcement.
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