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Win Hanverky to Shrink Loss in 2024
WIN HANVERKY (03322.HK) reported a revenue of 2.457 billion HKD from its sportswear production business for the 2024 fiscal year, representing a year-on-year growth of 31%.
On February 13, Glonghui reported that WIN HANVERKY (03322.HK) announced that the group's production business includes "Sports Outfits production business" and "high-end functional outdoor clothing production business." In the fiscal year 2024, the revenue from the Sports Outfits production business increased by approximately 0.577 billion HKD to 2.457 billion HKD, a growth rate of 31%, mainly due to major improvements by clients in managing excessive inventory, leading to an increase in Orders. Customer Orders have returned to an upward trend driven by rising Consumer demand, especially from large sporting events. Overall, this business successfully turned around from an operating loss of 0.188 billion HKD last year to the fiscal year 2024.
WIN HANVERKY (03322.HK) expects a post-tax loss of approximately 60 million Hong Kong dollars for the fiscal year 2024, a significant reduction in losses compared to the previous year.
On February 13, Gelonghui reported that WIN HANVERKY (03322.HK) announced that the group expects to record a post-tax loss of approximately 60 million HKD for the fiscal year ending December 31, 2024, compared to a post-tax loss of 0.383 billion HKD for the fiscal year 2023. Notably, the group successfully turned around a post-tax loss of 86 million HKD in the first half of 2024 to a post-tax profit of approximately 26 million HKD in the second half of 2024. The estimated decrease in post-tax loss for the fiscal year 2024 is mainly attributed to the following reasons: (i) The operating profit of the sportswear production business increased by approximately 0.198 billion HKD, leading to a recorded gain.
Express News | Win Hanverky - Expected Result Due to Rise in Operating Profit From Sportswear Manufacturing Business for Period, Others
Express News | Win Hanverky Sees Loss After Taxation of HK$60 Mln for Current Year
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