MING FAI INT'L's revenue and gross profit for the first quarter were approximately HKD 505 million and HKD 120.5 million, respectively, representing year-on-year decreases of 4.8% and 9.9%
MING FAI INT'L announced that its revenue for the first quarter of 2025 is approximately HKD 505 million, with a gross profit of approximately HKD 120.5 million, representing a year-on-year decrease of 4.8% and 9.9%, respectively. The revenue from the hotel supplies business has declined, mainly due to reduced demand in the tourism and aviation industries. North America accounts for 20.6% of total revenue. The company will continue to assess its financial performance, pay attention to U.S. tariff policies and global economic risks, and actively adjust its strategies to address potential risks
According to the announcement from MING FAI INT'L (03828), for the three months ending March 31, 2025, the group's unaudited revenue and gross profit were approximately HKD 505 million and HKD 120.5 million, respectively, representing a decrease of 4.8% and 9.9% compared to the same period last year.
For the three months ending March 31, 2025, the revenue from the hotel supplies business decreased compared to the same period in 2024, primarily due to a reduction in demand for hotel supply products from the tourism, sightseeing, and aviation industries.
As the U.S. tariff policy continues to evolve with rapid and frequent adjustments, the group is continuously assessing its impact on our business and operations. For the three months ending March 31, 2025, revenue from North America accounted for 20.6% of the group's total revenue (for the year ending December 31, 2024: 21.1%).
The company's board of directors will continue to evaluate the group's financial performance and operational status, closely monitor U.S. tariff trends, and respond proactively, adjusting strategies as necessary to mitigate potential risks, while also monitoring the global economic and geopolitical risks and uncertainties faced by the group. Meanwhile, the group will continue to leverage its strengths and implement necessary management measures to explore new business opportunities
