COME SURE GROUP (00794) expects the annual pre-tax net loss to decrease by no less than 40% year-on-year.

COME SURE GROUP (00794) announced that the group is expected to achieve a pre-tax net loss for the year ending March 31, 2025, which is expected to decrease by not less than 40% compared to the pre-tax net loss for the year ending March 31, 2024, approximately HK$14.65 million. It is reported that the reduction in pre-tax net loss is mainly due to rent concessions leading to an increase in other rental income, resulting in other income increasing by over 500% for the year ending March 31, 2025 (2024: other income approximately HK$2.9 million). The group also received a one-time refund of value-added tax based on China's tax policy arrangements, as well as a one-time relocation compensation made by owners for the government-led redevelopment of the Tangxia Community. This offset the decrease in other income and losses for the year ending March 31, 2025 by approximately 100% (2024: other income and losses approximately HK$24.97 million) due to the fair value gain on investment properties resulting from the conversion of the former Huizhou production base into investment properties in the year ending March 31, 2024. Due to effective cost control measures implemented by the group, including integrating production lines at the Dongguan factory and reducing shipping expenses, selling expenses and administrative expenses decreased by approximately 10% (2024: selling expenses approximately HK$59.07 million and administrative expenses approximately HK$77.58 million). Additionally, a decrease in bank borrowings led to a reduction in financial costs by approximately 20% (2024: financial costs approximately HK$27.71 million).