Zhitong Financial App News, Fast Global Holdings (00540) announced interim results for 2023, with earnings of about HK $180 million, down 12.4% from the same period last year; losses attributable to equity holders of the company for the period were HK $3.97 million, down 80.99% from the same period last year; and basic and diluted losses per share were HK $0.0066.
The decrease in revenue was mainly due to a decrease in sales orders from some existing customers, the announcement said.
The overall gross profit margin rose to 11.2%, mainly due to the reduction in the operating scale of the loss-making subsidiary, which made a gross loss of about HK $4.1 million in the first half of 2022; and in the first half of 2023, as a result of effective cost control measures within the group, the group's cost of sales has been reduced.