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Article Date: September 2022
Word Count: 198

Symphony Holdings Swings to Loss in First Half


The bottom line swung to a loss of HK$ 3,045,000 ($.04 mm) in the first half from profit of HK$ 2,115,000 last year, as revenues slipped 3% to HK$ 135,383,000 ($17.2 mm) from HK$ 139,104,000. Results were hurt from a HK$ 84.8 million decrease on revaluation of financial assets this year, against a HK$ 13.0 million gain last year. Branding revenues, which include Sunseeker swimwear, licensing its Pony and Skins brands, and its healthcare products business, fell 19% to HK$ 21.9 million. However, reportable segment profit bounced back from a ... Log in to view full article.

 


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