Sitoy Group Holdings Swings to Loss in Six Months to December 2024

MT Newswires Live
24 Feb

Sitoy Group Holdings (HKG:1023) recorded a loss attributable to owners of HK$67.1 million in the six months ended Dec. 31, 2024, against an attributable profit of HK$53.6 million logged for the corresponding period last year, a Monday filing with the Hong Kong Exchange said.

Loss per share attributable to ordinary equity holders stood at HK$0.0692 for the reporting period, compared with earnings per share of HK$0.0547 recorded for the year-ago period.

The luggage and leather goods stores company's revenue for the six months under review was HK$813.7 million, marginally lower than HK$813.8 million booked a year ago.

The slide in revenue was attributed by the company to a decrease in revenue from its manufacturing business.

The board recommended an interim dividend of HK$0.02 per share for the reporting period, the same as last year.

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