ISP Holdings Reports Increased Gross Profit Amid Losses

ISP Holdings Limited (HK:2340) has released an update.

ISP Holdings Limited reported a significant decrease in revenue by 40% for the first half of 2024, with consolidated revenue falling to HK$47.5 million from the previous year’s HK$79.2 million. Despite the drop in revenue, the company managed to increase its gross profit by 61.2%, raising it to HK$7.9 million, and improved the gross profit margin by 10.4%. However, increasing operating expenses by 34.7% has led to a wider operating loss, resulting in a net loss of HK$10.5 million for the period, up 32.9% from last year.

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