Neway Group Holdings Reports 12.3% Decline in Six-Month Revenue; Manufacturing and Sales Business Sees Continued Losses
Reuters
Aug 29
Neway Group Holdings Reports 12.3% Decline in Six-Month Revenue; Manufacturing and Sales Business Sees Continued Losses
Neway Group Holdings Limited has announced its unaudited condensed consolidated results for the six months ended 30 June 2025. The Group reported a total revenue of HK$169.206 million, a decrease from HK$193.008 million in the corresponding period of the previous year. The Manufacturing and Sales Business segment saw a decline in revenue to HK$157.785 million, compared to HK$177.671 million in the previous year. The Lending Business segment also experienced a drop in revenue, reporting HK$0.880 million, down from HK$2.362 million. The Group reported a segment profit (loss) for the Manufacturing and Sales Business at a loss of HK$5.095 million, which is an improvement from the loss of HK$8.617 million in the same period last year. However, the Lending Business recorded a segment loss of HK$0.337 million, compared to a profit of HK$1.266 million in the previous year. The announcement did not include any forward-looking guidance or outlook.
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