Wah Sun Handbags Reports 21.8% Increase in Revenue to HK$724.1 Million for Fiscal Year Ending March 2025
Reuters
Jun 23
Wah Sun Handbags Reports 21.8% Increase in Revenue to HK$724.1 Million for Fiscal Year Ending March 2025
Wah Sun Handbags International Holdings Ltd. has announced its audited consolidated results for the year ended 31 March 2025. The company reported a significant increase in revenue, which rose by approximately 21.8% to HK$724.1 million, compared to HK$594.4 million in the previous year. Gross profit also saw a substantial rise of approximately 52.0%, reaching HK$159.6 million, up from HK$105.0 million in the prior year. The gross profit margin improved by approximately 4.3%, reaching 22.0% from 17.7% the previous year. The company's profit before income tax increased to HK$82.5 million from HK$32.9 million in the previous year. After accounting for income tax expenses of HK$15.7 million, the profit for the year amounted to HK$66.8 million, a significant increase from HK$27.2 million in the previous year. Profit attributable to the owners of the company was HK$64.3 million, compared to HK$28.5 million in the previous year. Basic and diluted earnings per share for the year rose to 15.7 HK cents from 7.0 HK cents in the previous year. The company also reported a reversal of provision for impairment of trade receivables amounting to HK$38,000 for the year, compared to a provision for impairment of HK$2.7 million in the previous year. No specific outlook or guidance has been provided for future periods.
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