Raytech's H1 Net Margin Increases to 12.6%
Ching Tim Hoi, CEO and Chairman of Raytech, said: "The first half of fiscal year 2026 demonstrates our resilience and operational excellence despite challenging global trade conditions. While revenue was impacted by tariff-related market instability, we successfully improved our profitability metrics, with our net margin increasing to 12.6% from 10.8% in the prior year period. Our gross profit margin improved significantly by 5.1 percentage points to 26.3%, driven by our strategic focus on higher-margin hair styling series products within our hair styling series. We continue to maintain a robust financial position with cash and cash equivalents of HK$121.5 million, providing substantial flexibility to pursue strategic growth opportunities. We remain committed to expanding our presence in the U.S., UK, Europe, Australia and regional Asian markets."
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Raytech Holding Limited Reports $3.3M Revenue and HK$4.7M Net Income in 1H
- Revenue Growth: Raytech Holding Limited reported a revenue of $3.3 million for the first half of 2023, indicating stable performance in the market and potential for future business expansion.
- Net Income Improvement: The company achieved a net income of HK$4.7 million (approximately $610,454), with a net margin of 12.6%, reflecting improved management efficiency and effective cost control.
- Gross Margin Enhancement: The gross profit margin increased to 26.3% from 21.2% in the prior year period, demonstrating significant progress in product pricing and cost management, which helps strengthen profitability.
- Cash Flow Strengthening: Cash and cash equivalents rose by 43.2% to HK$121.5 million (approximately $15.6 million), providing a stronger financial foundation for future investments and expansions.
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