Win Hanverky Holdings Limited (HK:3322) has released an update.
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Win Hanverky Holdings Limited reports a significant improvement in its interim financial results for the first half of 2024, with an 18% increase in revenue and a 34.5% rise in gross profit from continuing operations, largely due to stronger sportswear manufacturing business driven by high demand in the European market. Despite this, the company experienced an operating loss, primarily from its high-end fashion retailing business, but overall losses were notably reduced compared to the previous year. The company has maintained a healthy financial position but is holding back interim dividends to navigate forthcoming challenges.
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