Hingtex Holdings Reports 1.7% Decline in Revenue and Reduced Net Loss for H1 2025; EPS Improves to 1.63 HK Cents
Reuters
Aug 28
Hingtex Holdings Reports 1.7% Decline in Revenue and Reduced Net Loss for H1 2025; EPS Improves to 1.63 HK Cents
Hingtex Holdings Ltd. has announced its unaudited consolidated interim results for the six months ended 30 June 2025. The company's total revenue saw a slight decline of 1.70% to HK$108.3 million compared to HK$110.1 million in the same period in 2024. Despite the decrease in revenue, the net loss attributable to the owners of the company improved significantly, narrowing to approximately HK$10.4 million from a net loss of approximately HK$17.1 million in the previous year. This reflects a positive shift in the company's financial performance. Sales to external customers in the denim fabrics segment amounted to HK$99.5 million, down from HK$110.1 million, while the property renovation segment reported sales of HK$8.8 million, up from HK$76,000 in the prior period. Gross profit increased to HK$20.3 million from HK$16.2 million, indicating improved cost management as the cost of sales decreased to HK$87.9 million from HK$93.9 million. The company did not provide specific future guidance or outlook in this announcement.
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