Auto Italia Holdings Limited Reports HK$0.3 Million Decrease in Gross Profit to HK$10.4 Million for H1 2025

Reuters
Yesterday
<a href="https://laohu8.com/S/ATTGF">Auto Italia</a> Holdings Limited Reports HK$0.3 Million Decrease in Gross Profit to HK$10.4 Million for H1 2025

Auto Italia Holdings Limited has released its unaudited interim results for the six months ended 30 June 2025. The Group reported a decrease in gross profit by HK$0.3 million, bringing it to HK$10.4 million from HK$10.7 million in the same period of 2024. This decline was mainly due to the weaker performance of the Investment Property Division, partially offset by contributions from the Car Division. The shift in revenue mix led to a contraction in the overall gross profit margin by 14.5 percentage points to 54.1% from 68.6% in 2024. Other income for the period amounted to HK$0.11 million, down from HK$0.12 million in the previous year, largely due to reduced commission income in the Car Division, which was partially offset by bank interest income from time deposits in the United Kingdom. The Group recorded other gains and losses amounting to a net gain of HK$36.9 million, a significant improvement from a net loss of HK$62.4 million in 2024. This change was mainly due to an unrealized fair value loss of HK$1.1 million on investments in an associate, measured at fair value through profit or loss. The Group has adopted a cautious approach in its lending business amid market turbulence, resulting in no outstanding loans to customers as of 30 June 2025 and 2024, and consequently, no revenue was recorded from this segment. No specific outlook or guidance for the future was provided in the report.

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