Renze Harvest International Ltd. Reports 20.3% Increase in Revenue for H1 2025, Maintains Steady Gross Profit

Reuters
Aug 28
<a href="https://laohu8.com/S/01282">Renze Harvest</a> International Ltd. Reports 20.3% Increase in Revenue for H1 2025, Maintains Steady Gross Profit

Renze Harvest International Ltd. has announced its unaudited condensed consolidated interim results for the six months ending June 30, 2025. The company reported a significant increase in revenue, which rose to HK$456.5 million from HK$379.4 million in the same period of 2024. This growth was attributed to a notable rise in revenue from overseas markets, diversification and enhancement of the product mix, and expansion into new customer sectors. However, the company recorded a loss before income tax of HK$37.7 million, a reduction from the HK$162.7 million loss reported in the previous year. Despite this improvement, the company faced a net finance cost of HK$38.9 million, which increased significantly from HK$11.1 million in 2024. Renze Harvest International Ltd. also experienced a net impairment loss on financial assets amounting to HK$60.5 million, slightly lower than the HK$69.0 million reported in the prior year. Furthermore, the fair value gain on investment properties decreased to HK$19.7 million from HK$32.2 million in the corresponding period last year. There was also a write-down of inventories of properties amounting to HK$7.2 million, which significantly improved from the HK$68.0 million write-down recorded in 2024. Overall, the company's performance saw improvements in certain areas despite ongoing financial challenges, and it continues to focus on expanding its market presence and product offerings.

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