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418 — Founder Holdings News Story

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Hong Kong's Founder Holdings half-year revenue edges lower

Hong Kong's Founder Holdings half-year revenue edges lower


Overview

  • Hong Kong electronics distributor's half-year revenue declined slightly year-over-year

  • Company posted a net loss attributable to shareholders for the period

  • Loss per share widened to 1.4 HK cents from 1.3 HK cents


Outlook

  • Founder Holdings expects HK$334.2 mln of major software and information-product contracts to be completed within one year


Result Drivers

  • SOFTWARE SALES MIX – Gross profit rose 7.0% to HK$180.1 mln as higher-margin software made up a larger share of sales

  • SERVICE BUSINESS GROWTH – Media service-oriented revenue exceeded RMB70 mln, up 15%, and accounted for 69% of segment revenue


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$335.80 mln

H1 Net Loss Attributable

HK$16.10 mln


Reuters Recommended Reads

  • Aug 26 - Man Yue HY profit more than doubles on electronic components demand

  • Aug 25 - Hong Kong's Smart-Core Holdings interim revenue jumps on memory chip demand

  • Aug 26 - Hong Kong's Truly International H1 revenue falls on weaker smartphone sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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