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China Health Technology Reports Decline in Interim Profit

Story Highlights
  • China Health Technology reported a significant decline in profit for the six months ending December 2024.
  • The company’s revenue increased, but higher costs led to reduced gross profit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Health Technology Reports Decline in Interim Profit

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China Bozza Development Holdings Limited ( (HK:1069) ) has issued an announcement.

China Health Technology Group Holding Company Limited has reported its unaudited condensed consolidated interim results for the six months ending December 31, 2024. The company experienced a significant decline in profit compared to the previous period, with a profit of RMB 4,978,000, down from RMB 201,421,000. This decline is primarily due to the absence of a gain on debt restructuring, which had a substantial impact on the previous period’s results. The revenue increased to RMB 31,112,000 from RMB 19,020,000, but the cost of sales also rose, leading to a reduced gross profit. The company’s comprehensive income for the period was RMB 6,353,000, reflecting a decrease from the previous period.

More about China Bozza Development Holdings Limited

YTD Price Performance: -2.50%

Average Trading Volume: 2,066,436

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$33.51M

For detailed information about 1069 stock, go to TipRanks’ Stock Analysis page.

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