Fenbo Holdings Ltd. has released its annual financial results for the fiscal year ending December 31, 2024. The company reported a revenue increase to HK$132.9 million, up from HK$119.1 million in 2023. However, the company faced a net loss of HK$15.5 million for 2024, a significant decline from the net loss of HK$1.5 million recorded in 2023. The loss from operations for 2024 was HK$13.8 million, primarily due to an increase in general and administrative expenses by HK$15.9 million, partially offset by a gross profit increase of HK$2.7 million. In 2023, the company reported an improvement in operational performance, reducing the loss from operations to HK$0.4 million from HK$2.5 million in 2022, driven by a HK$3.3 million increase in gross profit and a HK$1.3 million decrease in general and administrative expenses. The company noted that the economic environment improved in the first half of 2024 as the impact of the COVID-19 pandemic subsided, but geopolitical conflicts, including the Russia-Ukraine conflict, continue to pose challenges. No significant updates regarding future business operations or strategic shifts were provided in this report.