KELFRED (01134) has released its interim results for the six months ended June 30, 2026, showing a significant deterioration in its financial performance.

The company reported revenue of HK$220 million, a decrease of 9.45% year-on-year. Loss attributable to shareholders of the company widened by 153.38% to HK$11.952 million, compared with the same period last year. Loss per share stood at HK$0.0239.

According to the announcement, the decline in revenue is primarily attributed to intense market competition, which has led to an overall reduction in the average selling prices of eyewear products.

The company continues to face challenging market conditions, with profitability under pressure amid persistent pricing competition in the sector.