Fountain Set (Holdings) Limited (HK:0420) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Fountain Set (Holdings) Limited reported an improved financial performance for the first half of 2024 with a profit of HK$4,243,000 compared to a loss of HK$74,527,000 in the same period last year. Despite a slight increase in revenue, the company saw a significant reduction in losses due to lower cost of sales and administrative expenses. The overall comprehensive income for the period was HK$1,006,000, a positive shift from a comprehensive expense of HK$82,872,000 in 2023.
For further insights into HK:0420 stock, check out TipRanks’ Stock Analysis page.