Centenary United Holdings Limited (HK:1959) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Centenary United Holdings Limited reported a slight revenue increase of 1.1% year-on-year for the first half of 2024, but faced a significant drop in gross profit by 67.7%, with gross profit margins shrinking to 1.5%. The company also saw its losses almost double, with a loss per share rising from RMB5.46 cents to RMB10.36 cents over the same period.
For further insights into HK:1959 stock, check out TipRanks’ Stock Analysis page.