DAISHOMICROLINE issued a profit warning, expecting an annual consolidated net loss of approximately HKD 21.3 million, a year-on-year increase
DAISHOMICROLINE issued a profit warning, expecting to record a consolidated net loss of approximately HKD 21.3 million for the fiscal year ending March 31, 2025, an increase from HKD 11.9 million in the same period of 2024. The main reasons for the increased loss include a decrease in gross profit to approximately HKD 10.2 million, a reduction of about HKD 7.5 million compared to last year, primarily due to a decline in revenue from the printing and packaging products business of approximately HKD 25.2 million. In addition, there is an impairment loss on property and equipment of approximately HKD 4 million and a loss of approximately HKD 3.1 million from the sale of subsidiaries
According to the announcement from DAISHOMICROLINE (00567), the group expects to incur a consolidated net loss of approximately HKD 21.3 million for the fiscal year ending March 31, 2025, compared to a consolidated net loss of approximately HKD 11.9 million for the fiscal year ending March 31, 2024.
The main reasons for the expected increase in net loss this year are as follows: the group's gross profit decreased to approximately HKD 10.2 million, a decrease of about HKD 7.5 million from approximately HKD 17.7 million last year. The decrease in gross profit is mainly due to a reduction in revenue from the manufacturing and trading of printing and packaging products, which fell by approximately HKD 25.2 million, from about HKD 59 million last year to approximately HKD 33.8 million this year; this year, there was an impairment loss of approximately HKD 4 million on properties, plants, and equipment, whereas there were no such losses last year; this year, a loss of approximately HKD 3.1 million was incurred from the sale of subsidiaries, whereas there were no such losses last year; offset by a decrease of approximately HKD 3 million in administrative expenses compared to last year
