Hung Fook Tong Reports 5.1% Revenue Decline and HK$10.9 Million Loss for 1H2025

Reuters
08/28
Hung Fook Tong Reports 5.1% Revenue Decline and HK$10.9 Million Loss for 1H2025

Hung Fook Tong Group Holdings Ltd. reported a decrease in revenue for the six months ended 30 June 2025. The company's revenue declined by 5.1% to HK$292.3 million, compared to HK$308.0 million for the same period in 2024. Despite a challenging economic environment in Hong Kong and Mainland China, the gross profit margin improved to 60.6% from 58.9% in the previous year, attributed to effective cost control and enhanced production efficiency. The company reported a loss attributable to owners of the Company amounting to HK$10.9 million for the period, which increased from a loss of HK$7.9 million in the corresponding period of 2024. This increase in loss was primarily due to one-off expenses of approximately HK$2.1 million related to additional sewage charges from prior years. Administrative and operating expenses decreased by 3.6% to HK$158.7 million, compared to HK$164.7 million in the first half of 2024. The Group maintains a stable financial position with cash and cash equivalents rising to HK$117.0 million as of 30 June 2025, up from HK$110.2 million at the end of December 2024. The outlook for the remainder of the year has not been provided.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hung Fook Tong Group Holdings Ltd. published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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