Superior Group Holdings (01841) issued a profit warning. The net loss for the year is expected to be no less than HK$1.2 million year-on-year profit and loss

According to the Zhitong Finance App, Superior Group Holdings (01841) issued an announcement. It is expected that the Group will have a net loss of not less than HK$1.2 million for the year ended March 31, 2025 (this year), while the profit attributable to the owners of the Company for the year ended March 31, 2024 is approximately HK$8.6 million. According to the information currently available to the board of directors, the net loss was mainly due to the combined effects of not less than HK$29 million in revenue reduction in all segments, in particular by approximately HK$11.2 million and HK$10.3 million in the results announcements and financial reports segment and in the corporate announcements and shareholder circulars segment, while the bond issuance circular and initial public offering prospectus segment also decreased by approximately HK$4.3 million. The decrease was mainly due to the paperless mechanism and the sluggish global economic climate; a reduction of approximately HK$2.9 million in sales and distribution expenses; and a reduction of approximately HK$3.7 million in administrative expenses.