Fulum Group Swings to Fiscal H1 Loss

MT Newswires Live
29 Nov 2024

Fulum Group (HKG:1443) made an attributable loss of HK$40.6 million for the six months ended Sept. 30, compared with an attributable profit of HK$2.1 million in the year-ago period, a Thursday bourse filing said.

Loss per share in the interim period was HK$0.0313, whereas the company had made earnings per share of HK$0.0016 a year prior.

The Chinese restaurant company's revenue fell by 4.4% to HK$854.1 million in the first fiscal half from HK$893.8 million in the corresponding period of the last fiscal year.

The company attributed the decline in revenue mainly to the weak economic performance of Hong Kong and the apparent decline in the spending power of both tourists and citizens.

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