Moon Inc. Issues Profit Warning, Expects 90% Decline in Annual Profit Due to Reduced Demand and Increased Competition

Reuters
25 Jun
Moon Inc. Issues Profit Warning, Expects 90% Decline in Annual Profit Due to Reduced Demand and Increased Competition

Moon Inc., a company previously known as HK Asia Holdings Limited, has issued a profit warning, indicating a significant decrease in its financial performance for the year ended March 31, 2025. The company expects a decrease in profit attributable to its owners by approximately 90% compared to the previous year, primarily due to a 25% reduction in revenue from weakened demand for traditional pre-paid products and the provision of additional discounts to customers amidst intense market competition, which has lowered profit margins. Moon Inc. is in the process of finalizing its annual results, which are expected to be published by the end of June 2025. Investors and shareholders are advised to exercise caution when dealing with the company's shares, as these preliminary figures have not been audited and are subject to adjustments.

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