FilingReader Intelligence

Quali-Smart net loss shrinks despite revenue decline in 2025

July 1, 2025 at 05:01 PM UTCBy FilingReader AI

Quali-Smart Holdings (HKEX:1348) reported a net loss of HK$17.9 million for the year ended March 31, 2025, a significant improvement from the HK$74.0 million loss in the previous year. Total revenue decreased to HK$71.9 million, a 59.4% decline from HK$177.3 million in the prior year, largely due to a downturn in the Toys Division, where revenue decreased by 68.7% to HK$52.1 million. This was partially offset by an 83.4% increase in Financial Services Division revenue to HK$19.9 million. The Group did not recommend the payment of final dividend for the year ended March 31, 2025. Despite the challenges, Quali-Smart highlighted cost optimization and strategic diversification as key priorities moving forward. A conditional sale and purchase agreement for the disposal of its stock broking and institutional trading business was signed, along with a renewed focus on its financial services business through Crosby Assets Management (CAM).

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1348Hong Kong Exchange

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