Centenary United Faces Shrinking Profits and Rising Losses

Centenary United Holdings Limited (HK:1959) has released an update.

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.

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