Leoch International Technology issues profit warning
Profit attributable to shareholders will likely decrease 60% to 80% year-on-year.
Leoch International Technology Limited issued a profit warning to shareholders on Friday, with profit attributable to owners of the company expected to decrease by 60% to 80% year on year for the six months ended 30 June.
This is despite recording a 10% to 20% revenue increase YoY.
The decrease was mainly due to US tariffs, which led to a significant increase in the cost of the company’s products already been taxed and delivered.
Meanwhile, the company's Mexican factory's production has been postponed to Q4 2025 due to supply chain and engineering progress.
The Company is still finalising the results for H1 2025. Investors are advised to be careful when dealing with shares of the company.