B & S Intl Hldg (01705.HK) announced that based on the unaudited consolidated financial statements as of September 30, 2024, and other information currently available to the board of directors, the group's net profit for the period is estimated to decrease by approximately 35.0% to 45.0%, while the net profit for the six months ended September 30, 2023 was approximately 17.8 million Hong Kong dollars.

The significant decrease in net profit during the period is mainly due to the decline in revenue and gross profit from retail and distribution businesses. This is attributed to the weak Hong Kong consumer market. Challenges abound with the economic downturn and increased outbound consumption, significantly affecting local consumer behavior. In addition, economic uncertainty has also caused consumers to exhibit negative sentiments, further impacting the company's sales.