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An announcement from Ulferts International Limited ( (HK:1711) ) is now available.
Ulferts International Limited reported a decrease in total revenue to HK$153.0 million for the year ended 31 March 2025, amid challenging market conditions and weakening consumer sentiment. Despite efforts to adapt to market challenges, the company recorded a net loss of HK$41.0 million, impacted by an impairment loss of HK$16.1 million on property and equipment. The furniture market faced complexities due to geopolitical tensions and economic uncertainties, affecting consumer sentiment and competition. Ulferts continues to operate online platforms to maximize market coverage and revenue.
More about Ulferts International Limited
Ulferts International Limited is a leading retailer of high-quality home furniture primarily imported from Europe, with over 45 years of experience. The company operates 24 points-of-sale in Hong Kong under various trade names, including ‘Ulferts Signature’, ‘Ulferts’, and ‘at home’, which specialize in furniture products, as well as ‘Ulfenbo’ and ‘Slumberland’, which focus on mattresses and bedding. Ulferts targets middle to high-end markets with stylish furniture, while ‘Ulfenbo’ and ‘Slumberland’ cater to the mass market and high-end market, respectively.
Average Trading Volume: 324,285
Technical Sentiment Signal: Sell
Current Market Cap: HK$53.6M
For detailed information about 1711 stock, go to TipRanks’ Stock Analysis page.