Win Hanverky Slashes Losses, Sportswear Demand Up

Win Hanverky Holdings Limited (HK:3322) has released an update.

Win Hanverky Holdings Limited reports a significant decrease in loss after taxation, down to HK$85 million for the first half of 2024 from HK$177 million in the same period last year, thanks to a rebound in sportswear orders and the cessation of losses from discontinued operations. The company’s sportswear manufacturing business turned a profit due to a 27% revenue increase, while high-end functional outerwear manufacturing experienced an 18% revenue increase, largely driven by demand in the Mainland China market.

For further insights into HK:3322 stock, check out TipRanks’ Stock Analysis page.