Hung Fook Tong Group Holdings Ltd (HK:1446) has released an update.
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Hung Fook Tong Group Holdings Limited reported a 7.1% decline in revenue to HK$308.0 million for the first half of 2024, with reduced income from both retail and wholesale operations. Gross profit also fell by 6.4%, yet gross profit margin saw a slight improvement. The company experienced a narrower loss of HK$7.9 million, compared to the previous year’s HK$9.6 million in the same period.
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