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The latest update is out from Hung Fook Tong Group Holdings Ltd ( (HK:1446) ).
Hung Fook Tong Group Holdings Limited reported a 7.7% decline in revenue for the year ended December 31, 2024, with figures dropping to HK$620.7 million from HK$672.7 million in 2023. Despite the decrease in revenue, the company managed to improve its gross profit margin by 0.9 percentage points to 59.4%. The loss attributable to the owners of the company narrowed significantly to HK$13.7 million from HK$34.6 million the previous year, indicating a positive shift in financial performance. This announcement reflects a challenging year for the company, yet it shows resilience in maintaining profitability margins and reducing losses, which could have implications for its market positioning and stakeholder confidence.
More about Hung Fook Tong Group Holdings Ltd
Hung Fook Tong Group Holdings Limited is a company incorporated in the Cayman Islands, operating primarily in the retail and wholesale sectors. It focuses on providing health and wellness products through its network of retail shops in Hong Kong.
YTD Price Performance: 67.65%
Average Trading Volume: 283,999
Technical Sentiment Signal: Hold
Current Market Cap: HK$190.2M
Find detailed analytics on 1446 stock on TipRanks’ Stock Analysis page.