Pak Tak International Shrinks Loss in Fiscal H1 as Revenue Soars 376%

MT Newswires Live08-30

Pak Tak International (HKG:2668) saw a decline in attributable loss for the six months ended June 30 to HK$36.8 million from HK$74.1 million during the year-ago period, a Thursday bourse filing stated.

Loss per share stood at HK$0.0079 in the half year, down from HK$0.019 during the first half of 2023.

Revenue for the six months rose by 376% to HK$378.5 million from HK$79.5 million a year prior, mainly due to the higher revenue contributed by the supply chain business.

The securities investor attributed the decline in loss mainly to a significant decrease in expected credit losses on trade receivables in the supply chain business.

Shares of the company closed over 32% higher on Friday.

Price (HKD): $1.35, Change: $+0.33, Percent Change: +32.35%

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