SG Group Holdings Ltd. Reports Record HK$153.8 Million in Sales, Reduces Loss to HK$6.0 Million for Fiscal Year Ending April 2025
Reuters
Jul 29
SG Group Holdings Ltd. Reports Record HK$153.8 Million in Sales, Reduces Loss to HK$6.0 Million for Fiscal Year Ending April 2025
SG Group Holdings Ltd. has announced its annual results for the year ended 30 April 2025. The company reported a record increase in sales to HK$153.8 million, up from the previous year's figures, despite facing macroeconomic uncertainties, geopolitical conflicts, and cost inflation. The group managed to reduce its loss to HK$6.0 million. Significant growth was observed in the traditional business segment, with revenue increasing by 5.9% to approximately HK$97.2 million from HK$91.8 million in the previous year. This growth was driven by increased sales orders from major UK customers and a new customer targeting the US market. Moreover, the new retail business segment experienced substantial growth, with revenue rising by 55.5% to approximately HK$45.4 million from HK$29.2 million for the previous year. This increase was attributed to the optimization of influencer collaboration collections and the provision of relevant products to customers. The company's strategic focus on understanding major customers' needs and leveraging integrated supply chain management has resulted in a 17.9% increase in revenue from the supply of apparel products. The outlook or guidance for the upcoming period was not specified in the announcement.
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