Art loss widens on discontinued operations

DIVERSIFIED manufacturer Amalgamated Regional Trading (Art) Holdings Limited posted a comprehensive loss of US$3,5 million for the year ended September 30, 2025, following the discontinuation of its loss-making paper and tissue milling business.

The group posted a loss after tax of nearly US$1,4 million from continuing operations as revenue fell 17% to US$28,3 million, reversing a profit of US$1,39 million recorded in the prior year.

Art said performance was weighed down by weak market conditions, pricing pressures, liquidity constraints, internal capacity challenges and rising competition from imports.

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