Wing On Co. International Swings to Loss in H1 as Revenue Plummets

MT Newswires Live
2024-09-24

Wing On Co. International (HKG:0289) reported a loss attributable to the shareholders of HK$239.6 million for the six months ended June 30, against an attributable profit of HK$274.2 million in the previous year, according to a Tuesday filing with the Hong Kong bourse.

Loss per share was HK$0.825, compared with earnings per share of HK$0.943 in the year-ago period.

Revenue for the first half was HK$480.0 million, down from HK$530.8 million in the prior year.

The company declared an interim dividend of HK$0.32 per share, which will be paid on Oct. 25.

Price (HKD): $12.06, Change: $-0.040, Percent Change: -0.33%

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