BaWang International (Group) Holding Limited (HK:1338) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into HK:1338 stock, check out TipRanks’ Stock Analysis page.