On November 22, Glorify announced that tsui wah hldg (01314.HK) reported its interim results for the six months ending September 30, 2024, with group revenue of approximately 0.448 billion HKD, a decrease of about 9.8% compared to the previous review period. The decline in group revenue was mainly due to the economic downturn in hong kong and china. The attributable profit to the company's owners during the review period was approximately 6.4 million HKD, compared to 6.7 million HKD in the previous review period. Basic earnings per share were 0.47 HKD.
During the review period, the group's business performance in hong kong, china, macao, and singapore varied. Although macao and singapore continued to perform steadily, the weak economy has impacted the group's business in hong kong and china. In light of this, the group has taken strategic measures and prudent actions to mitigate the adverse effects of the economic downturn. The group remains confident in its safety strategy being implemented in this challenging economic environment.
