Hoe Leong's Earnings Rebound in H1
Hoe Leong's Earnings Rebound in H1
"The decrease in cost of sales and resultant increment in GP [gross profit] It recovered from a loss of $720,000 a year ago.
去年赔了72万美元的损失已经获得了恢复。
Hoe Leong Corporation Ltd. has reported a profit attributable to owners of $862,000 in the first half (H1) of year, reversing last year's $720,000 loss.
和隆公司在上半年（H1）实现了归属于股东的利润862,000美元，扭转了去年损失72万美元的局面。
In a bourse filing, the company said its revenue increased 10.5% to $20.64m in H1 driven by the increased sales in markets, mainly the US and Australia. Meanwhile, cost of sales decreased 4.7% to $15.69m, leading to a surge in gross profit, which was up to $4.96m from $2.21 a year earlier.
在交易所文件中，公司表示，受市场，特别是美国和澳洲市场销售增加的推动，上半年营业收入增长10.5％至2064万美元。同时，销售成本减少了4.7％至1569万美元，带来毛利润的激增，从去年的2.21万美元上升到了496万美元。
"The decrease in cost of sales and resultant increment in GP [gross profit] margin was mainly due to lower proportion of old, slow-moving inventories sold during H1 2024 compared to H1 2023," the company said.
公司表示：“销售成本的下降和毛利润率的上升主要是由于在2024年上半年销售的旧的，滞销的库存占比较去年同期的数量更低。”
Hoe Leong's other income also increased to $582,000 in H1 from $125,000 last year. The company attributed this to the foreign currency exchange gain of $444,000 recorded during the period.
和隆公司的其他收入在上半年也从去年的125,000美元增加到了582,000美元。公司归因于期间货币兑换获得的外汇收益444,000美元。
"The foreign exchange gain was mainly resulting from the fluctuation in United States Dollar," it noted.
公司指出：“外币汇率的波动主要导致了外汇收益的增加，这种波动是由美元的涨跌引起的。”
