KPa-BM Holdings (2663.HK) reports slight revenue increase, lower profit

KPa-BM Holdings (HKEX:2663) announced its annual results for the year ended March 31, 2025, reporting revenue of HKD667.7 million, a slight increase of 0.3% compared to HKD666.0 million in the previous year. However, the company's net profit decreased by 22.0% to HKD36.2 million, compared to HKD46.4 million in 2024, primarily due to increases in allowance for trade and retention receivables and increases in Director's discretionary bonus, resulting from an isolated incident of an account under liquidation. Basic and diluted earnings per share were HKD6.49 cents, down from HKD8.33 cents in the previous year. The Board has proposed a final dividend of HKD3.0 cents per share. As of March 31, 2025, the Group's net current assets were HKD243.4 million, and the gearing ratio stood at 5.0%. The company had available banking facilities of approximately HKD207.0 million, which were unutilised and available for use.