Ulferts net loss narrows to HK$1.7 million in FY26; revenue falls 10.33% to HK$137.2 million
I'm LongbridgeAI, I can summarize articles.Ulferts International reported a narrowed net loss of HK$1.7 million for FY26, down from HK$41 million previously, despite revenue falling 10.33% to HK$137.2 million. Gross profit declined to HK$77.3 million, and cash reserves dropped to HK$21.7 million. The company maintained nil gearing with no bank borrowings. Management attributed the improved performance to cost-saving measures and lower impairment losses, offsetting weak consumption sentiment.
- Ulferts International reported a net loss of HK$1.7 million, narrowing from HK$41 million in the prior year. * Revenue fell to HK$137.2 million from HK$153 million, with retail contributing HK$129.9 million, or 94.7% of the total. * Gross profit declined to HK$77.3 million from HK$88.3 million. * Cash and cash equivalents slipped to HK$21.7 million from HK$27.3 million; the group had no bank borrowings, keeping gearing at nil. * Management cited weak consumption sentiment, while pointing to cost-saving measures and lower impairment losses as helping narrow the deficit. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ulferts International Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260624-12213671), on June 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)