A & S GROUP issued a profit warning, expecting a mid-term net loss attributable to shareholders of approximately HKD 11 …
I'm LongbridgeAI, I can summarize articles.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
According to the announcement from A & S GROUP (01737), it is expected that the group will incur a net loss attributable to the owners of approximately HKD 11 million to HKD 15 million for the six-month period ending September 30, 2025, compared to a net profit attributable to the owners of approximately HKD 70,000 for the six-month period ending September 30, 2024.
The board of directors believes that the aforementioned turnaround from profit to loss is mainly due to the overall reduction in cargo handling volume for air freight forwarding ground services during the six-month period ending September 30, 2025, and given the uncertainty of the trade environment, the group needs to maintain a stable workforce to sustain daily operations, thus the overall labor costs could not be reduced to the same extent as the decrease in overall revenue and handling volume