Dickson Concepts (International) Ltd. has issued a profit warning based on the management's preliminary review of the unaudited consolidated results for the year ended 31st March, 2025. The Group is expected to record a decrease of approximately 20% in sales turnover and a decrease of about 42% in net profit attributable to shareholders compared to the previous year ended 31st March, 2024. These anticipated declines are attributed to a reduction in sales and profits in Hong Kong, despite increased profits from the investment division. The challenging retail landscape has been influenced by local travelers prioritizing destinations that offer better value over local shopping. Additionally, shopping has become less of a priority for Chinese tourists visiting Hong Kong. The consumer sentiment in Hong Kong remains weak, further exacerbated by China's extension of its instant tax refund policy for foreign visitors from selected cities to nationwide, making Hong Kong a less attractive shopping destination. The Group plans to publish its final annual results for the year ended 31st March, 2025, in early June 2025.
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