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.
去年賠了72萬美元的損失已經獲得了恢復。
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）實現了歸屬於股東的利潤862,000美元，扭轉了去年損失72萬美元的局面。
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，受市場，特別是美國和澳洲市場銷售增加的推動，上半年營業收入增長10.5％至2064萬美元。同時，銷售成本減少了4.7％至1569萬美元，帶來毛利潤的激增，從去年的2.21萬美元上升到了496萬美元。
"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：「銷售成本的下降和毛利潤率的上升主要是由於在2024年上半年銷售的舊的，滯銷的庫存佔比較去年同期的數量更低。」
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從去年的125,000美元增加到了582,000美元。公司歸因於期間貨幣兌換獲得的外匯收益444,000美元。
"The foreign exchange gain was mainly resulting from the fluctuation in United States Dollar," it noted.
公司指出：「外幣匯率的波動主要導致了外匯收益的增加，這種波動是由美元的漲跌引起的。」