Ernest Borel Holdings Ltd. Reports 5.1% Decline in Revenue to HK$38.0 Million and Net Loss of HK$21.8 Million for 1H 2025
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Ernest Borel Holdings Ltd. reported a 5.1% decline in revenue to HK$38.0 million for the first half of fiscal year 2025, down from HK$40.1 million in 2024. Gross profit fell to HK$6.3 million, with a gross profit margin of 16.5%. The net loss increased to HK$21.8 million, compared to HK$5.3 million in the previous year. The company attributed these declines to global economic uncertainties and geopolitical tensions affecting the watch industry. Management remains optimistic about future growth and business expansion in the second half of the year.
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