DAIDO GROUP Reports Fiscal Year Loss of HK$72.1 Million, Widening by 79.29%

Stock News03-31

DAIDO GROUP (00544) announced its annual results for the fiscal year, reporting total revenue of approximately HK$150 million, a decrease of 31.75% compared to the previous year. The loss attributable to shareholders was HK$72.123 million, representing an expansion of 79.29% year-on-year. The loss per share was HK$2.28. The board of directors attributed the increase in net loss primarily to a revenue decline of approximately 26% in the cold storage and related services segment, a decrease of about 57% in the food and beverage trading and sales business in Mainland China, and a reduction of roughly 54% in other service revenues. These declines were mainly due to a challenging macroeconomic environment, which weakened demand for the Group's products and services. Additionally, the accounting impact of increased financial expenses resulting from the extension of a cold storage lease agreement at the end of 2024 also contributed to the higher net loss.

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