Truly International Holdings ( (TRUHF) ) has released its Q2 earnings. Here is a breakdown of the information Truly International Holdings presented to its investors.
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Truly International Holdings Limited, a key player in the manufacturing and sale of liquid crystal display products and electronic consumer products, has announced its interim financial results for the first half of 2025. The company, known for its smartphone component parts and automotive display supplies, operates primarily in the electronics sector.
For the six months ending June 30, 2025, Truly International reported a revenue of HK$8.10 billion, marking a 5.7% decline from the previous year. The gross profit also saw a decrease of 8.7%, attributed to fierce competition in the smartphone market. Despite these challenges, the company maintained its interim dividend at 5 HK cents per share.
Key financial metrics showed a decline in profit attributable to owners, down by 19.2% to HK$140.7 million. The company faced decreased sales in smartphone-related products, particularly in the PRC, and experienced a reduction in other income due to lower government subsidies. However, administrative and distribution expenses were reduced, reflecting cost-saving measures.
Looking forward, Truly International remains cautiously optimistic amidst global economic uncertainties. The management aims to focus on technological advancements and maintaining strong customer relations to ensure product quality and business expansion. The company is committed to adapting to market changes and sustaining its position in the competitive electronics industry.