BEST LINKING Holdings turned from profit to loss of 3.6 million yuan in the interim, and will not distribute dividends
BEST LINKING announced its interim results, reporting a loss of HKD 3.6 million for the period ended June 30, compared to a profit of HKD 1.54 million in the same period last year. Revenue fell to HKD 53.73 million (down 47.8%), with a gross profit of HKD 6.63 million (down 58.7%). The group indicated that the decline in revenue and profit was mainly due to cautious customer ordering, with the gross profit margin dropping to 12.3%. Operating loss was HKD 4.17 million, and no dividend was declared
According to a report from Economic Information Agency on the 14th, BEST LINKING (09882) announced a mid-term loss of HKD 3.6 million for the period ending June 30, compared to a profit of HKD 1.54 million in the same period last year, with a loss per share of 0.5 cents and no interim dividend declared.
The group stated that revenue was HKD 53.73 million, down 47.8%, with a gross profit of HKD 6.63 million, down 58.7%. The expected decline in revenue and net profit is mainly attributed to customers being more cautious with orders. The gross profit margin was 12.3%, a decrease of 3.3 percentage points, due to changes in product mix and increased expenses from enhanced marketing activities. The group reported an operating loss of HKD 4.17 million, compared to an operating profit of HKD 3.08 million in the same period last year. (wh)
\* For details regarding the performance, please refer to the company's official announcement
