Yangtzekiang Garment Reports Significant Interim Loss

Yangtzekiang Garment Co. Ltd. (HK:0294) has released an update.

Yangtzekiang Garment Co. Ltd. reported a significant decline in its unaudited interim results for the six months ending September 30, 2024, with revenue falling from HKD 98.2 million to HKD 75.3 million. The company experienced a net loss of HKD 31.8 million compared to a loss of HKD 18.4 million in the previous year, driven by reduced gross profit and increased losses from joint ventures. Despite these challenges, the company saw some improvement in other comprehensive income, primarily due to favorable exchange differences.

For further insights into HK:0294 stock, check out TipRanks’ Stock Analysis page.