A & S GROUP issues a profit warning, expecting an annual net loss attributable to shareholders of approximately HKD 20 million to 25 million
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A & S GROUP expects to record a net loss attributable to shareholders of approximately HKD 20 million to 25 million for the year ending March 31, 2025, compared to a net profit of approximately HKD 17.6 million for the year ending March 31, 2024. The board of directors pointed out that the loss is mainly due to a decrease in cargo handling volume for air freight forwarding ground services and uncertainty in the trading environment, which has resulted in labor costs not being reduced accordingly
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