
HINGTEX HLDGS released its 2024 annual performance, with a net loss of HKD 34.95 million, narrowing by 7.5% year-on-year

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HINGTEX HLDGS released its 2024 annual performance, with revenue of HKD 215 million, a year-on-year increase of 31.8%; net loss of HKD 34.95 million, a year-on-year narrowing of 7.5%; basic loss per share of HKD 5.46. Despite the uncertainties facing the global denim industry, the group has taken prudent measures to seize recovery opportunities, including collaborating with Vietnamese contractors to establish new production lines. The exchange loss caused by the depreciation of the Renminbi has negatively impacted financial performance
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