Ernest Borel Holdings Swings to Loss in H1 2024

Ernest Borel Holdings Ltd (HK:1856) has released an update.

Ernest Borel Holdings Limited reported a significant decrease in revenue, down to HK$40.1 million in the first half of 2024 from HK$82.5 million in the previous year, with gross profit margin also falling to 48.5%. The company swung to a loss of HK$5.3 million compared to a profit of HK$1.3 million year-over-year, reflecting a challenging period with a basic and diluted loss per share of HK1.48 cents.

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