Hungfooktong (01446) released its performance for the six months ending June 30, 2024. The group achieved earnings of 3... during this period.
According to the announcement, Hungfooktong (01446) released its performance for the six months ending June 30, 2024. The group achieved earnings of 0.308 billion Hong Kong dollars, a decrease of 7.1% compared to the same period last year. The company's owners should account for a loss of 7.9 million Hong Kong dollars, a narrowing of 17.71% compared to last year, and a basic loss per share of 1.21 Hong Kong cents.
According to the announcement, the number of Chinese residents in Hong Kong traveling abroad in the first half of 2024 increased significantly compared to the same period last year. Combined with changes in the spending patterns of tourists and local residents, this has had a negative impact on business performance. The revenue of the retail trade business in Hong Kong decreased to 0.236 billion Hong Kong dollars, a decrease of 6.1% compared to the first half of 2023. At the same time, the revenue of the wholesale trade business also decreased to 71.7 million Hong Kong dollars, a decrease of 10.4% compared to the first half of 2023.
