A & S GROUP issued a profit warning, expecting a mid-term net loss attributable to shareholders of approximately HKD 11 million to HKD 15 million, a year-on-year turnaround from profit to loss

Zhitong
2025.11.03 09:39
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A & S GROUP issued a profit warning, expecting a net loss attributable to shareholders of approximately HKD 11 million to 15 million for the six months ending September 30, 2025, turning from a net profit of HKD 70,000 in the same period last year to a loss. The board pointed out that the loss was mainly due to a decrease in cargo handling volume for air freight forwarding ground services, and the need to maintain a stable workforce in an uncertain trade environment, resulting in labor costs not being reduced accordingly