CR ASIA (00831) announces profit growth is expected to increase by more than 40% annually for the 2025 fiscal year.

CR ASIA (00831) announced that it expects the company's attributable profit to shareholders for the year ending December 31, 2025 to increase by over 40% compared to the previous year, with attributable profit for the year ending December 31, 2024 being HK$23.9 million. The Board of Directors believes that the expected profit growth is mainly due to non-recurring restructuring costs in the bakery retail business in Guangzhou in 2024, as well as the implementation of cost optimization measures in the bakery and eyewear businesses. Despite the improved performance, the Hong Kong retail market still faces challenges, primarily due to structural changes in consumer behavior and frequent outbound travel by local residents, putting pressure on local consumption. The Group remains cautious about the market outlook.