Uni Printshop (08448) announced that the group is expected to have a net loss of approximately HKD 28.4 million attributable to owners of the company for the year ending March 31, 2024, while the net loss attributable to owners of the company for the year ended March 31, 2023, was approximately HKD 20.5 million (audited). Excluding the impact of one-off items, the unaudited net loss attributable to owners of the company for the year ending March 31, 2024, was approximately HKD 22.7 million. One-off items include (i) impairment losses on property, plant and equipment, right-of-use assets and intangible assets of approximately HKD 6.5 million; (ii) legal and professional fees related to fundraising activities of the Group and transactions that require disclosure of approximately HKD 0.7 million; (iii) revision of losses on retail stores and machine leasing of approximately HKD 0.6 million; (iv) gains on disposal of property, plant and equipment of approximately HKD 2.1 million; and (v) government subsidies of approximately HKD 0.012 million.
The expected increase of net loss attributable to owners of the company for the year ending March 31, 2024, is mainly due to (i) an increase of approximately HKD 4.1 million in impairment losses on property, plant and equipment, right-of-use assets and intangible assets; (ii) a significant reduction of approximately HKD 3.3 million in government subsidies; and (iii) the relocation of the Group's production facilities in September and November 2023, which significantly increased its dependence on subcontracting services and significantly impacted the Group's cost structure, resulting in a decline in overall profitability.