MAINLAND HOLD issued a profit warning, expecting the interim profit attributable to shareholders to increase by no less than HKD 58 million year-on-year
MAINLAND HOLD expects that the interim results for the period ending June 30, 2025, will show that the profit attributable to shareholders will not be less than HKD 58 million, an increase from HKD 35.269 million in the same period of 2024. The growth is mainly attributed to the increase in turnover and profit from the manufacturing business in Bangladesh, due to factors such as order transfers, improved production efficiency, and better cost control. However, the performance of the trading business has not met expectations, which may partially offset the growth in performance
According to the Zhitong Finance APP, MAINLAND HOLD (01100) announced that it expects the consolidated profit attributable to the company's owners for the six months ending June 30, 2025, to be no less than HKD 58 million, an increase compared to the profit attributable to the company's owners of approximately HKD 35.269 million for the six months ending June 30, 2024, as reported in the 2024 interim report.
The growth in net profit is mainly attributed to the increase in revenue and profit from the group's manufacturing business segment (particularly the Bangladesh manufacturing business), due to reasons including: (i) more orders shifting from countries affected by high tariffs from the United States to Bangladesh; (ii) improvements in production efficiency; and (iii) better cost control. Nevertheless, the expected growth in the 2025 unaudited interim results will be partially offset by the underperformance of the group's trading business segment
