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Ngai Hing Hong Co. Ltd. ( (HK:1047) ) has provided an update.
Ngai Hing Hong Co. Ltd. announced a significant reduction in losses for the six months ended December 31, 2024, expecting a loss of no more than HK$7.2 million, compared to HK$18.4 million in the previous year. The company attributes this improvement to increased sales volume, turnover, and gross profit margin due to strategic operational enhancements and effective market opportunity capture, despite a volatile global economic environment.
More about Ngai Hing Hong Co. Ltd.
Ngai Hing Hong Co. Ltd. is a company incorporated in Bermuda that operates in the plastics industry. Its primary focus lies in the production and distribution of plastic materials, with a market presence that leverages optimizing its product portfolio and capturing market opportunities.
YTD Price Performance: -4.69%
Average Trading Volume: 256,117
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$112.6M
For an in-depth examination of 1047 stock, go to TipRanks’ Stock Analysis page.