HANFORT DEV H (00361) has issued a profit warning, expecting a mid-term after-tax profit of approximately HKD 2.9 million, turning from a loss to profit compared to the same period last year.

HANFORT DEV H(00361) announced that it expects the group to: (i) generate approximately HKD 148 million in revenue for the six months ending June 30, 2026, compared to approximately HKD 89 million for the six months ending June 30, 2025; and (ii) achieve a profit of approximately HKD 2.9 million after tax for the six months ending June 30, 2026, compared to a loss of approximately HKD 14.6 million after tax for the six months ending June 30, 2025. The board believes that the expected turnaround from loss to profit is primarily due to a significant increase in the group's revenue during the period, resulting in a gross profit increase of approximately HKD 17.6 million, mainly driven by revenue growth in the golf equipment division. This growth is largely attributed to the lower tariff rates applicable to goods exported from Vietnam to the United States, compared to those exported from China. The lower tariff rates have helped restore customer confidence and allowed the group to regain orders that were transferred by customers last year.