HONG KONG – Wong's Kong King reported first half revenue of HK1.9 billion ($242.8 million), marking a 19% drop compared to the same period last year.

The company's OEM Manufacturing Division saw revenue decrease by 18% to HK900 million ($115 million) for the first half of the year, which was mainly due to the general global decline in economic activity, WKK said, especially among its customers based in Europe and the US who together account for a major part of its sales of manufactured products. These customers reduced their orders from the company during the first half of the year, particularly in the second quarter.

WKK's Industrial Products Trading and Distribution Division reported revenue of HK1 billion ($127.8 million) for the period, representing a decrease of 20% compared to the first half of last year. This was due to the division experiencing a reduction in orders over the six months as a result of the global economic decline, the company said.

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