Tai Ping Carpets HY net income at HKD 20 million, down 9%

Reuters
Feb 11
Tai Ping Carpets HY net income at HKD 20 million, down 9%

Tai Ping Carpets International Limited reported its interim results for the six months ended 31 December 2025. The Group recorded sales revenue of HKD 302 million, broadly stable compared to the same period last year. Profit attributable to equity holders amounted to HKD 20 million, reflecting a 9 percent year-on-year decrease, primarily due to increased commercial spending and general inflationary pressures. The company's income tax expense declined during the period, largely attributed to a shift in the geographical sales mix that reduced the effective tax rate. Regionally, sales in EMEA increased by 21 percent, supported by easing inflation and stabilising energy costs, while the US market delivered 12 percent growth following staffing changes. In contrast, Asia experienced a decline in sales. The Board does not recommend the payment of an interim dividend for the period. Capital expenditure on property, plant and equipment and construction in progress totaled HKD 5 million. The company highlighted its resilience amid global challenges, with a focus on strengthening brand presence, executing investment priorities, and preparing for opportunities as market conditions normalise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tai Ping Carpets International Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260211-12022113), on February 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10