BaWang International (Group) Holding Limited (HK:1338) has released an update.
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BaWang International (Group) Holding Limited reported a revenue increase of 10.3% to RMB109.8 million in the first half of 2024, driven by a notable 21.6% surge in online sales. However, despite the revenue growth, the company’s operating profit and net profit declined to RMB1.7 million and RMB1.2 million, respectively. In response to the mixed financial results, the company’s board has decided not to issue an interim dividend.
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