Taiwan Kong King Reports Major Sales Drop

Wong’s Kong King International (Holdings) Limited (HK:0532) has released an update.

Taiwan Kong King Company Limited, a listed company affiliated with Wong’s Kong King International (Holdings) Limited, has reported a significant decline in sales revenue for July 2024. The company experienced a 55.54% drop in monthly sales and a 56.93% decrease year-to-date, primarily due to reduced sales in machinery and equipment. This announcement comes as a regulatory requirement following the adoption of International Financial Reporting Standards (IFRSs).

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