FREETECH (06888) Reports Interim Results with Net Loss of HK$9.414 Million, Up 10.66% Year-on-Year

Stock News
08/29

FREETECH (06888) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$82.386 million, representing a 17.19% increase compared to the same period last year. The net loss attributable to owners of the company was HK$9.414 million, up 10.66% year-on-year, with basic loss per share of HK$0.96 cents.

According to the announcement, revenue from the asphalt pavement maintenance equipment segment increased by 161.3% compared to the same period in 2024, primarily due to the sale of one set of modular series equipment. The gross profit margin for the asphalt pavement maintenance equipment segment improved from 41.7% for the six months ended June 30, 2024, to 46.9% for the current period, mainly attributable to the sale of the modular series equipment.

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