Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 94

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 94
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.7  
  General and administrative expense                  (19,239       16.1      (20,535       17.2       (36,391       (4,684       27.4  
  Income (loss) from operations                        (2,460        2.1         (390        0.3       (13,763       (1,771       10.4  
  Other income (expense), net                          13,006       10.9          767        0.6           574           73        0.4  
  Interest expense                                     (1,581        1.3       (1,708        1.4          (552          (71        0.4  
  Income (loss) before tax expense                      8,965        7.5       (1,331        1.1       (13,741       (1,769       10.4  
  Income tax expense                                     (312        0.3         (131        0.1        (1,741         (224        1.3  
  Net income (loss)                                     8,653        7.2       (1,462        1.2       (15,482       (1,993       11.7  
  Other comprehensive income                                                                                                            
  Foreign currency translation gain (loss), net        (2,575        2.2         (809        0.7          (854         (110        0.6  
  Total comprehensive income (loss)                     6,078        5.1       (2,271        1.9       (16,336       (2,103       12.3  

  58  

Key Factors that Affect Results of Operations

For
the financial years ended December 31, 2022, 2023 and 2024, our revenue amounted to approximately HK$119.7 million, HK$119.1 million
and HK$132.9 million, respectively. Our net income amounted to approximately HK$8.7 million, a net loss of HK$1.5 million and a net loss of
HK$15.5 million for the financial years ended December 31, 2022, 2023 and 2024, respectively.

The Company believes the key factors
affecting its financial condition and results of operations include the following:

Macroeconomic