HUNG HING PRINT issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately HKD 49 million, an increase compared to the same period last year
HUNG HING PRINT Group issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately HKD 49 million for the period ending June 30, 2025, significantly widening from a loss of HKD 4 million in the same period last year. Due to the impact of U.S. tariffs and policy uncertainties on global trade, the group has taken measures to adjust its business portfolio, enhance efficiency, and develop new businesses in Hong Kong and the mainland to achieve sustainable growth
According to the announcement from HUNG HING PRINT (00450), the group expects to incur a loss attributable to equity holders of approximately HKD 49 million for the six months ending June 30, 2025, compared to a loss of HKD 4 million for the same period last year. In light of the adverse impact of U.S. tariffs and ongoing policy uncertainties on global trade, as well as export freight volumes and profit margins during the six months ending June 30, 2025, the group has taken proactive measures to adjust its business portfolio (such as accelerating new production capacity in Vietnam), restructure operations to improve efficiency, and develop new businesses in Hong Kong and mainland China to achieve sustainable growth
