GOLDLION HOLD issued a profit warning, expecting a loss attributable to shareholders of no more than HKD 10 million in the first half of the year, turning from profit to loss year-on-year
GOLDLION HOLD issued a profit warning, expecting that for the six months ending June 30, 2025, the loss attributable to shareholders will not exceed HKD 10 million, compared to a profit of HKD 58.2 million in the same period last year. The board pointed out that the loss is mainly due to a year-on-year decline of approximately 24% in clothing sales, reflecting cautious consumer sentiment, and a decrease of about 25% in gross sales margin
According to the Zhitong Finance APP, GOLDLION HOLD (00533) announced that it expects to incur a loss attributable to the owners of the company of no more than HKD 10 million for the six months ending June 30, 2025, compared to a profit of HKD 58.2 million in the same period last year.
The board of directors believes that the loss during the period is mainly due to a decline of approximately 24% in sales of clothing and accessories compared to the same period last year, reflecting a more cautious consumer sentiment. Accordingly, the gross profit from clothing and accessories sales (before inventory impairment provisions) also decreased by approximately 25% from HKD 249 million in the same period last year
