CHTC Fong’s International Reduces Losses

CHTC Fong’s International Company Limited (HK:0641) has released an update.

CHTC Fong’s International Company Limited has reported a narrowed loss of HK$45,046,000 for the six months ending June 30, 2024, compared to the previous year’s HK$79,475,000. Despite a modest increase in revenue from HK$847,985,000 in 2023 to HK$905,502,000 in 2024, the company faced a comprehensive expense totaling HK$50,182,000 due to various factors including exchange rate differences. The earnings report reflects the company’s financial performance and is a key indicator for investors monitoring the company’s profitability trajectory.

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