Sau San Tong Holdings Limited has issued a profit warning, indicating that the company is expected to record a loss of approximately HK$50 million for the year ending 31 March 2025. This represents a significant increase from the HK$14 million loss reported for the same period in 2024. The company attributes the anticipated loss to a 21% decline in revenue from the distribution sales of cosmetic and skin care products in the PRC, influenced by dampened consumer sentiment. Additionally, there is a noted decrease in the fair value change on financial assets at fair value through profit or loss (FVPL) of approximately HK$34 million. The information is based on a preliminary assessment of unaudited draft consolidated management accounts and is subject to adjustments following further review.
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