Crocodile Garments Limited (00122.HK) issues profit warning, expecting its mid-term pre-tax loss to shrink by more than 50% to 12 million Hong Kong dollars compared to the same period last year.

The information from the Wise Finance APP is that Crocodile Garments Limited (00122.HK) has announced that the company expects the group's pre-tax loss for the six months ended June 30, 2025, to narrow by over 50% to HK$12 million from HK$27 million for the same period ended June 30, 2024. The main reasons for the significant decrease in the group's pre-tax loss are (i) successful optimization of store networks and structural cost reduction; and (ii) a decrease in net finance costs during the mid-term period compared to the same period last year.