SUN HING PRINT (01975) releases its interim performance, with a net profit of HK$2.786 million, a year-on-year decrease of 50.8%.

SUN HING PRINT (01975) announced its financial results for the six months ending on December 31, 2024, with a revenue of HK$108.5 million, a 28.9% year-on-year decrease; a net profit of HK$2.786 million, a 50.8% year-on-year decrease; and basic earnings per share of 0.58 HK cents, proposing an interim dividend of 1 HK cent per share. The decrease in revenue during the period was primarily due to a decline in printing revenue from packaging and paper gift sets. The main reason for this decline is attributed to customers adopting a more cautious consumption pattern amidst concerns about global economic growth and high tariff tensions, leading to reduced spending on printing and promotional items, indirectly decreasing the group's sales orders from both foreign and local customers.