Back 09 May 2025

Hai Leck Holdings Limited Faces 3Q FY25 Headwinds: Revenue and Profitability Decline, Shifting to Quarterly Loss

Link: https://links.sgx.com/1.0.0/corporate-announcements/IH9KX2URJ06XN7IC/515836e57e73d798a4649d3ce711391621ecdf3f053eb4d2de73e53b0edff9b6

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.