Tongda Hong Tai Flags Return to Profitability in H1

MT Newswires Live

Aug 20

Tongda Hong Tai (HKG:2363) said it expects to return to profit in the first half of 2025, according to a Hong Kong bourse filing Tuesday.

The company expects to post HK$5.2 million in net profit for the six months ended June 30, compared to a loss of HK$23.7 million in the year-ago period.

Revenue is expected to more than double to HK$50.2 million when compared to the HK$21.2 million generated a year earlier.

Tongda Hong Tai's financial results are due by the end of August.

Shares of the electronics manufacturer were up 1% in morning trade Wednesday.

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