Fenbo Holdings Reports Increased Revenue but Net Loss

Fenbo Holdings Limited (FEBO) has released an update.

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.

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