Sincere Watch (Hong Kong) (HK:0444) has released an update.
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Sincere Watch (Hong Kong) reported a significant drop in revenue for the first half of fiscal year 2025, with figures falling from HK$90,092,000 to HK$35,575,000 compared to the same period last year. Despite an increase in gross profit, the company faced higher finance costs and impairment losses, leading to a wider net loss of HK$75,864,000. These results reflect ongoing challenges in the market, impacting the company’s financial performance.
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