---
title: "REF's net profit last year was HKD 2.98 million, a decrease of 48%, with no dividend declared, and revenue fell by 13%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278006846.md"
description: "REF HOLDINGS announced a net profit of approximately HKD 2.975 million for the year ended December 31 last year, a decrease of 47.5%, with earnings per share of 1.16 cents and no final dividend declared. Operating revenue was approximately HKD 92.296 million, down 13%, mainly due to the reduction in demand for printed documents as a result of the transition to a paperless listing. Revenue from printing services decreased by 10.3%, while revenue from translation services decreased by 18.3%. The group has adopted a dual-track strategy to strengthen brand building and customer relationships while accelerating the growth of non-printing businesses to cope with short-term pressures"
datetime: "2026-03-06T00:42:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278006846.md)
  - [en](https://longbridge.com/en/news/278006846.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278006846.md)
---

# REF's net profit last year was HKD 2.98 million, a decrease of 48%, with no dividend declared, and revenue fell by 13%

According to a report from Economic Information Agency on the 6th, REF HOLDINGS (01631) announced that for the year ended December 31 last year, the net profit was approximately HKD 2.975 million, a decrease of 47.5%, with earnings per share of 1.16 cents, and no final dividend was declared.

The group stated that the operating revenue was approximately HKD 92.296 million, a decrease of 13%, mainly due to the significant reduction in the demand for printed documents from Hong Kong listed issuers as a result of the Stock Exchange's paperless listing transformation. Revenue from printing services decreased by 10.3% year-on-year, while revenue from translation services decreased by 18.3% year-on-year. The group recognized that the traditional financial printing division is expected to continue facing challenges due to the paperless listing mechanism implemented by the Stock Exchange, thus adopting a dual-track strategy: on one hand, continuing to strengthen brand building and customer relationships in traditional businesses, while simultaneously accelerating the growth of non-printing businesses, which will help alleviate short-term pressure. (wh)

\\\* For details regarding the performance, please refer to the company's official announcement

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