BAR PACIFIC (08432) announces a profit turnaround in mid-term performance, compared to a loss in the same period last year.
Pacific Bar (08432) announced that the group expects to turn from loss to profit for the six-month period ending on September 30, 2025.
BAR PACIFIC (08432) announced that the group is expected to turn a loss into a profit for the six-month period ending on September 30, 2025, with a total post-tax net profit of about HK$7 million to HK$9 million, compared to a post-tax net loss of approximately HK$2.1 million for the six months ending on September 30, 2024. The expected turnaround to profit is mainly attributed to reduced depreciation expenses as certain properties, plants, and equipment have been fully depreciated, as well as the implementation of stricter cost control measures during this period, leading to a decrease in average costs per location.
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