CEC International Holdings Reports 1.7% Revenue Decline and 47% Increase in Annual Loss for Fiscal Year Ending April 2025
Reuters
Jul 30
CEC International Holdings Reports 1.7% Revenue Decline and 47% Increase in Annual Loss for Fiscal Year Ending April 2025
CEC International Holdings Ltd. announced its audited consolidated results for the year ended 30 April 2025. The company's total revenue for the year was HK$1.444 billion, a slight decrease from HK$1.470 billion in the previous year. The Group reported a gross profit of HK$558.5 million, down from HK$579.4 million in the previous year. The company experienced a net loss of HK$43.8 million for the year, compared to a net loss of HK$29.8 million in the previous year. This was reflected in an operating loss of HK$29.5 million, worsening from an operating loss of HK$19.8 million in the prior period. The finance costs, net, rose to HK$12.5 million from HK$10.4 million. The retail business segment remained a major contributor to revenue, with external sales totaling HK$1.394 billion, a slight decline from HK$1.423 billion in the previous fiscal year. The electronic component manufacturing segment saw an increase in external sales, reaching HK$49.4 million compared to HK$45.7 million previously. No specific outlook or guidance for future performance was provided in the announcement.
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