World Houseware (Holdings) Ltd. Reports 27.1% Drop in Turnover and Significant Segment Loss for H1 2025
World Houseware (Holdings) Ltd. reported a 27.1% drop in turnover for H1 2025, totaling HK$116.135 million, down from HK$159.263 million in H1 2024. The household products segment saw a significant decline of 67.8%, with a turnover of HK$12.085 million and a segment loss of HK$17.104 million. The PVC pipes and fittings segment also faced a downturn, with a 14.1% decrease in turnover and a segment loss of HK$15.614 million. Additionally, the investment properties segment reported a fair value loss of HK$58.872 million. The Group's urban renewal project in Shenzhen has completed the handover of residential properties, with commercial construction expected to finish by year-end.
World Houseware (Holdings) Ltd. has announced its unaudited consolidated interim results for the six months ending June 30, 2025. The Group reported a consolidated turnover of HK$116.135 million, marking a 27.1% decrease from the HK$159.263 million recorded in the same period in 2024. In the household products segment, turnover was HK$12.085 million, a 67.8% decline from HK$37.494 million the previous year, with a segment loss of HK$17.104 million. The PVC pipes and fittings segment saw a turnover of HK$103.373 million, down 14.1% from HK$120.407 million in 2024, recording a segment loss of HK$15.614 million. The investment properties segment reported a fair value loss of HK$58.872 million. The Group’s Pingshan Good Time Urban Renewal Project in Shenzhen has completed the handover of residential properties, with commercial property construction and decoration expected to be completed by the end of the year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. World Houseware (Holdings) Ltd. published the original content used to generate this news brief on August 27, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
