Man Sang Int'l (00938) announced its interim business performance for the six months ended September 30, 2024, with revenue of 7044...
China Real Time Finance APP reported that Man Sang Int'l (00938) announced its interim business performance for the six months ended September 30, 2024, with revenue of 70.445 million Hong Kong dollars, a year-on-year increase of 2.64%; the company's equity holders' loss amounted to approximately 0.18 billion Hong Kong dollars, an increase of about 12% year-on-year; loss per share of 28 Hong Kong cents.
The announcement stated that the revenue growth was mainly contributed by the group's decoration and decoration division. The increase in losses was mainly due to exchange differences from overseas business amounting to approximately 1.18 million Hong Kong dollars; a decrease in fair value of investment properties of about 59.095 million Hong Kong dollars; impairment losses on property held for sale of approximately 12.393 million Hong Kong dollars; impairment losses on right-of-use assets of about 3.364 million Hong Kong dollars; impairment losses on properties, factories, and equipment of about 10.202 million Hong Kong dollars; and financial costs of approximately 68.732 million Hong Kong dollars.