Hingtex Holdings Reports 1.7% Decline in Revenue and Reduced Net Loss for H1 2025; EPS Improves to 1.63 HK Cents

Reuters
08/28
Hingtex Holdings Reports 1.7% Decline in Revenue and Reduced Net Loss for H1 2025; EPS Improves to 1.63 HK Cents

Hingtex Holdings Ltd. has announced its unaudited consolidated interim results for the six months ended 30 June 2025. The company's total revenue saw a slight decline of 1.70% to HK$108.3 million compared to HK$110.1 million in the same period in 2024. Despite the decrease in revenue, the net loss attributable to the owners of the company improved significantly, narrowing to approximately HK$10.4 million from a net loss of approximately HK$17.1 million in the previous year. This reflects a positive shift in the company's financial performance. Sales to external customers in the denim fabrics segment amounted to HK$99.5 million, down from HK$110.1 million, while the property renovation segment reported sales of HK$8.8 million, up from HK$76,000 in the prior period. Gross profit increased to HK$20.3 million from HK$16.2 million, indicating improved cost management as the cost of sales decreased to HK$87.9 million from HK$93.9 million. The company did not provide specific future guidance or outlook in this announcement.

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. Hingtex 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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