World Houseware Reports Increased Six-Month Losses

World Houseware (Holdings) (HK:0713) has released an update.

World Houseware (Holdings) Limited reported their unaudited interim financial results, revealing a loss for the six-month period ending June 30, 2024, which has deepened from the previous year. Despite a reduction in costs of sales and administrative expenses, the company faced a significant loss arising from changes in the fair value of long-term assets, leading to a comprehensive expense increase. The basic and diluted loss per share also increased, reflecting the company’s ongoing financial challenges.

For further insights into HK:0713 stock, check out TipRanks’ Stock Analysis page.