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
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(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.)
Recent news on Founder Holdings
See all newsHong Kong's Founder Holdings half-year revenue edges lower
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