Hong Kong's Sitoy Group annual revenue declines amid challenging market conditions

Sitoy group

28/09/2026 10:11

Overview
Hong Kong handbag and leather goods maker's annual revenue declined yr/yr
Company reported narrower net loss attributable to equity holders compared to prior year
Results reflect challenging market conditions and higher administrative expenses

Outlook
Sitoy Group expects approved insurance compensation for a HK$21.8 mln impaired receivable to be recognised in FY2027

Result Drivers
CHALLENGING MARKET - Co cited challenging market conditions as weighing on results
ADMINISTRATIVE EXPENSES - Higher administrative expenses contributed to weaker results

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$1.49 bln
 
FY Net Loss Attributable
 
HK$122.8 mln
 

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Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0928/2026092800838.pdf
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)