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China Conch Reports Sharp Profit Decline

China Conch Reports Sharp Profit Decline

China Conch Environment Protection Holdings Ltd. (HK:0587) has released an update.

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China Conch Environment Protection Holdings Ltd. reported a significant drop in financial performance for the first half of 2024, with a 17.18% decrease in revenue to roughly RMB 804 million and a stark 58.93% fall in net profit to RMB 82.14 million, leading to a basic earnings per share decline to RMB 0.04. The Board has also decided against declaring an interim dividend for the period.

For further insights into HK:0587 stock, check out TipRanks’ Stock Analysis page.

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