EFT SOLUTIONS issued a profit warning, expecting the net profit after tax for the interim period to decline to approximately HKD 2.3 million
EFT SOLUTIONS issued a profit warning, expecting that the net profit after tax for the six months ending September 30, 2025, will decline to approximately HKD 2.3 million, a significant decrease from HKD 9.2 million in the same period of 2024. The board pointed out that the main reasons include a decrease in revenue from the sales and services of electronic payment terminals and related equipment due to economic downturn and intensified competition, as well as the recognition of losses from an associated company
According to the Zhitong Finance APP, EFT SOLUTIONS (08062) announced that the group expects to achieve a net profit after tax of approximately HKD 2.3 million for the six months ending September 30, 2025, while for the six months ending September 30, 2024, it expects to achieve a net profit after tax of approximately HKD 9.2 million.
The board of directors believes that the expected changes are mainly due to the combined effects of the following: (i) the revenue and gross profit from the sale of electronic payment terminals and related equipment, as well as the provision of system support and software solution services, have decreased due to economic downturn and intense competition; (ii) the recognition of losses from an associated company
