FOUNTAIN SET (00420) Announces Interim Results with Profit Attributable to Owners of HK$30.67 Million, Turning from Loss to Profit Year-on-Year

Stock News
Aug 21

FOUNTAIN SET (00420) announced its interim results for 2025, reporting revenue of approximately HK$1.937 billion, representing a 12.7% year-on-year decrease. The company recorded a profit attributable to owners of HK$30.67 million, marking a turnaround from loss to profit compared to the same period last year, with earnings per share of 2.5 HK cents.

According to the announcement, the performance improvement was primarily attributed to several factors: strengthening customer management by stabilizing existing clients and developing new customers, while actively reducing procurement costs to enhance overall business gross margins and profit contributions. The company utilized information systems as management tools with the goal of improving product quality, continuously reducing factory production consumption and lowering production costs.

Additionally, the group continued to promote lean management practices to reduce costs and increase efficiency, resulting in further decreases in transportation and labor expenses. The company also actively conducted monitoring of inventory and accounts receivable, proactively utilizing long-aged inventory and collecting various outstanding receivables.

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