GBG HOLDINGS (08372) issues profit warning, expects interim consolidated profit attributable to shareholders to decrease to approximately HK$1 million-HK$1.5 million

GBG HOLDINGS (08372) announces that the Group is expected to record consolidated profit attributable to owners of the Company of between approximately HK$1 million and HK$1.5 million for the six months ended 30 September 2026, compared with profit attributable to owners of the Company of approximately HK$4 million for the six months ended 30 September 2025. The Board considers that the expected decrease in consolidated profit for the period is primarily attributable to a decrease in revenue. The decrease in revenue was mainly due to the absence of successful awards of new medical equipment supply tenders during the period. In contrast, the Group's revenue for the corresponding period last year benefited significantly from certain successful tender awards for the supply of medical equipment to existing hospitals under expansion under the "First Hospital Development Plan" implemented by the Government of the Hong Kong Special Administrative Region of China. During the period, the Group did not secure such tenders. However, selling and distribution expenses decreased as a result of the Group's successful implementation of effective cost control measures during the period, thereby partially offsetting the decrease in revenue.