Mainland Headwear Posts Lower Mid-Year Profits

Mainland Headwear Holdings (HK:1100) has released an update.

Mainland Headwear Holdings Limited reported a decrease in profits for the first half of 2024, with revenue dropping from HK$780,258,000 to HK$687,114,000 compared to the same period in 2023. Gross profit also fell from HK$273,930,000 to HK$219,510,000, resulting in a reduction in earnings per share from 15.23 HK cents to 8.218 HK cents. The interim financial results suggest a challenging half-year for the company, amidst rising costs and a competitive market.

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