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Hop Fung Group Holdings Limited Reports Decreased Losses Amid Revenue Decline
HOP FUNG GROUP (02320.HK): A loss attributable to shareholders of 95.2 million HKD is expected in 2024.
On March 31, Gelonghui reported that HOP FUNG GROUP (02320.HK) announced that for the year ending December 31, 2024, revenues have decreased to approximately 0.2115 billion Hong Kong dollars, a decline of about 5.7% compared to 2023. The loss attributable to shareholders of the company is estimated to be about 95.2 million Hong Kong dollars, compared to a loss of approximately 0.1008 billion Hong Kong dollars in 2023. The reduction in losses is mainly due to (i) a decrease in procurement costs; (ii) a reduction in impairment losses on deposits paid for the acquisition of properties, factories, and machinery; (iii) a decrease in depreciation expenses; and (iv) a reduction in the number of employees.
Express News | Hop Fung Group Holdings FY Revenue HKD 211.5 Million
HOP FUNG GROUP: ANNUAL RESULT ANNOUNCEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Hop Fung Group Schedules Board Meeting for Year-End Results
HOP FUNG GROUP (02320.HK) will hold a Board of Directors meeting on March 31 to approve the annual performance.
Gelonghui, March 17th | HOP FUNG GROUP (02320.HK) announced that the Board of Directors will hold a meeting on March 31, 2025, to approve the announcement of the annual performance of the company and its subsidiaries for the year ending December 31, 2024, as well as to consider the proposal for the distribution of final dividends (if any).