Rongzun International Reports Improved Loss Margins Amid Revenue Decline

B & D Strategic Holdings Limited (HK:1780) has released an update.

Rongzun International Holdings Group Limited reported a significant decline in revenue to approximately HK$43.3 million for the first half of 2024, compared to HK$108.1 million in the previous year. Despite the drop, the company’s gross loss margin improved from 17.8% to 9.0%, and losses before tax were reduced to HK$10.5 million, down from HK$25.0 million in the same period last year. The Board has decided not to distribute an interim dividend for this period.

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