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B & S INTL HLDG: INTERIM REPORT 2024/2025
Express News | B & S International Holdings H1 Gross Margin 23.5%
Express News | B & S International Holdings H1 Gross Profit HKD 57.6 Million
B & S INTL HLDG: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
b & s intl hldg (01705.HK) issues profit warning: expects a decrease in mid-term net profit of approximately 35.0% to 45.0%.
B & S Intl Hldg (01705.HK) announced on November 11th that based on the unaudited comprehensive management accounts of the Group for the six months ended September 30, 2024 (the "period") and other information currently available to the board of directors, a preliminary assessment estimates that the Group's net profit for the period will decrease by about 35.0% to 45.0%, while the net profit for the six months ended September 30, 2023 was approximately 17.8 million Hong Kong dollars. The significant decrease in net profit for the period is mainly due to reduced revenue and gross profit from retail and distribution business, attributed to the weak consumer market in Hong Kong. The challenging economic environment compounded with departure from Hong Kong.
Express News | B & S International - Expected Result Due to Reduced Revenue & Gross Profit in Both Retail Business & Distribution Business in Hy, Others
We Think B & S International Holdings' (HKG:1705) Profit Is Only A Baseline For What They Can Achieve
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