B & S INTL HLDG (01705) issued a profit warning, expecting a mid-term net profit decrease of about 35.0% to 45.0% year-on-year.

B & S INTL HLDG (01705) announced that it is estimated that the group will experience a decline in net profit of approximately 35.0% to 45.0% for the current period (six months ending September 30, 2024), while the net profit for the six months ending September 30, 2023 was approximately 17.8 million Hong Kong dollars. The announcement stated that the significant decrease in net profit for the current period is mainly due to a decrease in revenue and gross profit from the retail and distribution businesses. This is a result of the weakened consumer market in Hong Kong, with the challenging economy and increased outflow of consumer spending severely impacting local consumer behavior. In addition, economic uncertainty has led to negative consumer sentiment, further affecting the group's sales revenue.