HSSP INTL (03626) released its interim results, with a net profit attributable to shareholders of 1.596 million Hong Kong dollars, turning loss into profit year-on-year.

HSSP INTL (03626) announced the mid-year performance for the six months ending on December 31, 2024, with revenue of HKD 46.902 million, an increase of 65.28% year-on-year; profit attributable to shareholders was HKD 1.596 million, compared to a loss of HKD 3.387 million in the same period last year, turning the loss into profit; basic earnings per share were HKD 0.87 cents. The announcement stated that revenue from the manufacturing and sale of clothing labels and packaging printing products business unit increased by about 39.9% to approximately HKD 28.4 million. The increase in revenue during the period was due to an increase in customer sales orders. The gross profit margin of manufacturing and selling clothing labels and packaging printing products increased by approximately 11.1 percentage points (from 33.4% in the 2023 period to 44.5% in the 2024 period). This is a fruitful outcome of controlling indirect costs in sales in 2023 and 2024.