Mainland Headwear Holdings Limited’s (Group) Board of Directors has issued a “positive profit” alert to its shareholders and the market. The notice is said to be based on the preliminary assessment of the Group’s latest unaudited consolidated management accounts and the information currently available to the Board.
The Group reports in the Hong Kong dollar (HK$) currency.
The consolidated profit attributable to owners of the company for the year ended December 31, 2025, is now expected to be not less than HK$100 million (~US$12.84 mm), compared to the profit attributable to owners of the company of about HK$57 million for the year ended December 31, 2024. The year-over-year increase is expected to be at least 75 percent.
The increase in net profit is reported to be mainly due to an increase in turnover (sales) and profit of the Group’s manufacturing business segment, as a result of:
- having more orders shifted away from countries subject to higher U.S. tariffs to Bangladesh
- Increasing efficiency.
- Better cost control.
The company said the information in the announcement is a preliminary assessment by its management, based on information currently available. The audited consolidated final results of the Group may be subject to adjustments following further review by the Board, discussions with the Group’s auditors and completion of the required auditing procedures. The information in the announcement has not been reviewed by the company’s auditors or the audit committee of the Board.
The Board expects that the announcement of the audited consolidated results of the Group for the year ended December 31, 2025, will be published in late March 2026.
Image courtesy New Era/Mainland Headwear Holdings Limited
