Summary by Moomoo AI
For the six months ended 30 September 2024, Baoguang Industrial's revenue decreased by 17.9% year-on-year to HK$302.2 million, mainly due to the weak performance of its retail business. The loss in the period widened to HK$55.4 million, a significant increase in the loss margin compared to the HK$29.9 million loss in the same period in 2023. Management does not recommend the distribution of interim dividends.Management noted that the revenue decline was mainly influenced by retail operations in Hong Kong and Mainland China, in particular Hong Kong's retail sales decreased by 25.9% due to the northward consumption trend of local residents. In addition, the Southeast Asian market saw sales decline by 19.5% due to inflation and subdued retail sentiment. Despite this, the...Show More
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