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09 May 2025
Hai Leck Holdings Limited Faces 3Q FY25 Headwinds: Revenue and Profitability Decline, Shifting to Quarterly Loss
Summary:
- Hai Leck Holdings Limited's condensed interim financial statements for the third quarter ended 31 March 2025 show a slight decrease in revenue to $11.636 million.
- Gross profit declined by 17.5% to $5.257 million, resulting in a net loss of $263,000 for the quarter, a significant shift from a net profit in the prior year period.
- Basic and fully diluted earnings per share were negative $0.1 cents for the quarter.
- Operating expenses saw a decrease, mainly due to lower manpower-related costs.
- Net cash flows generated from operating activities for the nine months ended 31 March 2025 decreased to $4.5 million, compared to $7.1 million in the same period last year.