LOCO HK issues a profit warning, expecting interim net profit attributable to shareholders to increase to approximately no less than HKD 17 million
LOCO HK expects that the interim net profit attributable to shareholders for the period ending June 30, 2025, will increase to no less than HKD 17 million, a significant increase from HKD 4.77 million in the same period of 2024. The growth is mainly attributed to the group's core business revenue in metal trading and commodity trading, which is expected to rise from approximately HKD 8.44 billion in the same period to over HKD 10 billion in the current period, as well as proactive cost optimization measures
According to the announcement from LOCO HK (08162), the group expects to achieve a net profit attributable to the company's owners of approximately no less than HKD 17 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 4.77 million for the same period ending June 30, 2024, representing significant growth. This growth is primarily based on the group's core business revenue in metal trading, metal supply chain business, and commodity trading in Hong Kong, mainland China, and internationally, which has steadily increased from approximately HKD 8.44 billion in the same period to an expected operating revenue of over HKD 10 billion for this half-year, along with the results of the group's active cost optimization efforts
