Staff Reporter
,
Singapore
Photo by Jack Sparrow from Pexels
The company attributed its loss to a decrease in revenue.
Noel Gifts International posted a $1.08m net loss for the first half of the financial year 2025, narrowing down from a net loss of $1.18m in H1 2024.
The company attributed its loss to a decrease in revenue by $300,000 to $5.8m due to a decline in sales from customers.
Its gross profit margin increased to 52% from 50.5% in H1 2024, resulting in a marginal decrease of $84,000.
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