STOCKS | Daisys International Expects Up To HK$90 Million Annual Loss

Daisys International (00333) said it expects to post a net loss of no more than HK$90 million for the year ended June 30, based on a preliminary assessment of its unaudited consolidated management accounts, according to ETNet. The company said it recorded a net loss of HK$28 million in fiscal 2025. It attributed the wider expected loss to a sharp decline in revenue after major customers cut order volumes, as they adopted more cautious and proactive inventory management amid heightened geopolitical uncertainty, volatile global trade conditions and expected changes in consumer demand from possible price adjustments. Gross margin also fell because idle capacity left fixed costs under-absorbed and the product mix shifted toward lower-margin items.