China Greenland Broad Greenstate Narrows Losses

China Greenland Broad Greenstate Group Company Limited (HK:1253) has released an update.

China Greenland Broad Greenstate Group Company Limited reported a narrowed net loss for the first half of 2024, with a loss of RMB 5,058,000 compared to RMB 27,156,000 in the same period last year. The company’s revenue declined sharply, but gross profit increased, signifying a better profit margin of 19.3% versus the previous year’s meager 0.8%. These interim results reflect a significant reduction in losses and improved operational efficiency.

For further insights into HK:1253 stock, check out TipRanks’ Stock Analysis page.