Fenbo Holdings Limited (FEBO) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Fenbo Holdings Limited reported a 14.2% revenue increase to HK$66.9 million and a higher gross profit margin in the first half of FY 2024, despite a swing to a net loss of HK$1.9 million from a net income last year. The company, an OEM for electrical hair styling products under the ‘Remington’ brand, attributed the revenue boost to stronger sales of flat irons and hair straighteners. Management remains optimistic about their strategies to enhance cost efficiency and customer base diversity amid challenging market conditions.
For further insights into FEBO stock, check out TipRanks’ Stock Analysis page.