VISTAR HOLDINGS issued a profit warning, expecting that the total comprehensive profit and total comprehensive income attributable to shareholders for the interim period will decrease to no less than approximately HKD 400,000
VISTAR HOLDINGS issued a profit warning, expecting that the total comprehensive profit and total comprehensive income attributable to shareholders for the six months ending September 30, 2025, will decrease to no less than approximately HKD 400,000, a decrease of about 62.5% compared to approximately HKD 1.1 million for the same period in 2024. The main reasons include rising material and labor costs, leading to a reduction in gross profit from core business and an increase in cost of revenue exceeding revenue growth
According to the announcement from VISTAR HOLDINGS (08535), the group expects that the total comprehensive profit and total comprehensive income attributable to shareholders for the six months ending September 30, 2025, will decrease to no less than approximately HKD 400,000, a decrease of about 62.5% compared to the net profit of approximately HKD 1.1 million for the six months ending September 30, 2024.
The board believes that this change is mainly due to the following factors, including rising material and labor costs, which have led to a decrease in the gross profit of the group's core business, causing the increase in cost of revenue during the reporting period to significantly exceed revenue growth. This reduction has been offset by a decrease in administrative and other operating expenses and an increase in the reversal of impairment losses on trade receivables and contract assets
