Hop Fung Group Reports Narrowed Losses and Revenue Growth

Hop Fung Group Holdings Limited (HK:2320) has released an update.

Hop Fung Group Holdings Limited reports a slight increase in revenue by 1.51% for the first half of 2024 compared to 2023, alongside a notable reduction in losses by 26.1%. The company’s EBITDA improved by 39.6%, reflecting a more efficient operation, despite an increase in both the gearing and net gearing ratios, signaling a higher level of debt relative to equity.

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