Ascent Bridge Limited warns of H1 FY25 loss

The decline in duty-paid domestic sales contributed to the loss.

Ascent Bridge Limited (ABL) expects a profit loss for the first half of FY2025.

In its profit guidance, the company attributed the loss to a significant decrease in sales in duty-paid domestic markets, such as Hong Kong and Macau, as it relied heavily on duty-free channels in H1 FY2025.

Despite challenges in duty-paid markets, ABL will maintain partnerships with major duty-free operators and operations in 15 countries with 16 international airline partnerships.

The company’s board warned shareholders and potential investors to exercise caution when trading ABL securities and encouraged them to consult professionals if uncertain.