Quali-Smart Holdings Ltd. (HK:1348) has released an update.
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Quali-Smart Holdings Ltd. reported a significant drop in revenue for the six months ending September 2024, with total earnings falling by 54.1% compared to the previous year. The Toys Division saw a sharp decline in performance due to fewer orders, while the Financial Services Division experienced a 60.6% revenue increase, driven by investment advisory income. Despite a rise in gross margin to 26.6%, the company recorded a net loss of HK$10.1 million, primarily due to reduced gross profit in the Toys Division.
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