Ngai Hing Hong Narrows Losses, Boosts Revenue

Ngai Hing Hong Co. Ltd. (HK:1047) has released an update.

Ngai Hing Hong Company Limited reported a decrease in annual loss to HK$16,833 thousand for the year ended 30th June 2024, down from HK$50,939 thousand the previous year. The company’s revenue increased to HK$1,276,350 thousand from HK$1,177,827 thousand, while the gross profit also saw an improvement. Despite reduced losses, the company still faced challenges, reflected in a total comprehensive loss of HK$16,493 thousand for the year.

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