Zhitong Financial APP News, Rex International (02222) announced interim results for the six months ended June 30, 2023, with revenue of $119 million, down 25.8% compared with the same period; profit attributable to shareholders was $1.034 million, compared with a loss of $2.264 million for the same period last year; and basic earnings per share were 0.02 cents.
Commodity prices and freight rates have gradually fallen since the second half of 2022, so the group's production costs fell during the review period compared with the same period, the announcement said. The group's overall gross profit margin for the period under review increased from 23.4% to 27.5% over the same period.