The group says the loss is mainly attributable to a decrease in sales in 1HFY2025 as compared to 1HFY2024.

Ascent Bridge has guided for a loss in 1HFY2025 ended September, according to a Nov 6 bourse filing. 

According to the group, the loss is mainly attributable to a decrease in sales in 1HFY2025 as compared to 1HFY2024. This comes on the back of a loss in sales from duty-paid domestic markets such as Hong Kong and Macau. 

The group says that within the same period, revenue was generated mainly from duty-free channels. 

Currently, the group has established presence in 15 countries and markets and formed partnerships with 16 international airlines in duty free channels. That said, with manpower and cash constraints, the group could not carry on with marketing and promotional activities to boost sales, adds Ascent Bridge Awg. 

Shares in Ascent Bridge closed flat at 14.1 cents on Nov 6.