China Glass Holdings Limited (HK:3300) has released an update.
China Glass Holdings Limited reported an increase in revenue to RMB 2.68 billion for the first half of 2024, up from RMB 2.11 billion in the previous year, despite a net loss of RMB 136.88 million, slightly improved from a loss of RMB 138.64 million in 2023. The company experienced a gross profit growth, but losses were driven by high finance costs and other expenses. The basic and diluted loss per share was RMB 7.07, marginally worse than the RMB 6.13 loss per share in the prior year.
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