Leoch International Technology Limited has issued a profit warning, indicating that while the group anticipates a year-on-year revenue increase of approximately 10% to 20% for the six months ending 30 June 2025, profit attributable to the owners is expected to decrease significantly by about 60% to 80% compared to the same period in 2024. The decline in profit is attributed to two primary factors: the imposition of additional import tariffs by the US government, which has increased product costs without a corresponding rise in selling prices until the end of 2025, and delays in the commencement of production at the company's factory in Mexico, which has been postponed from the second quarter to the fourth quarter of 2025. The assessment is preliminary, based on unaudited management accounts and available information, with final results to be disclosed by 31 August 2025. Shareholders and potential investors are advised to exercise caution when dealing with company shares.
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