Bauhaus International (Holdings) Ltd. (HK:0483) has released an update.
Bauhaus International (Holdings) Ltd. reported a decrease in annual turnover by 1.8% to HK$193.0 million and a significant drop in net profit to HK$1.2 million for the year ended March 31, 2024, compared to HK$46.0 million in the previous year. Gross profit also fell by 4.5% with the gross margin slightly declining. Notably, the company’s online sales plunged by nearly 29%, contributing to the overall downturn.
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