GP LOGISTICS issues a profit warning, expecting a mid-term net loss of approximately HKD 30 million to 40 million
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GP LOGISTICS issued a profit warning, expecting a mid-term net loss of approximately HKD 30 million to 40 million for the period ending June 30, 2025, with revenue between HKD 325 million and 335 million, a significant decrease from HKD 426.6 million in the first half of 2024. The gross loss is expected to be HKD 10 million to 15 million, mainly due to the impact of new U.S. tariffs and intensified industry competition, leading to a decline in demand and pricing pressure. As airline contracts expire, the group will gain flexibility, and improvements are expected in the second half of 2025
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