STERLING GP (01825) issued a profit warning, expecting a net loss of approximately HK$7.2 million to HK$8 million for the mid-term, compared to a profit in the same period last year.

STERLING GP (01825) announces that compared to the comprehensive net profit of approximately 3.2 million Hong Kong dollars for the six months ending on September 30, 2024, the Group expects to incur a comprehensive net loss of approximately 7.2 million to 8 million Hong Kong dollars for the six months ending on September 30, 2025. The announcement stated that the turnaround from comprehensive net profit to comprehensive net loss for this period is mainly due to the Group's customers adopting a conservative procurement approach during this period due to the uncertain global trade environment and intense competition in the garment industry, resulting in a decrease in the Group's sales revenue and gross profit.