Fountain Set Reports Turnaround with Mid-Year Profit

Fountain Set (Holdings) Limited (HK:0420) has released an update.

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.

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