China Starch Holdings Limited (HK:3838) has released an update.
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China Starch Holdings Limited has reported a significant turnaround with unaudited consolidated interim results showing a profit of RMB 267.5 million for the first half of 2024, in contrast to a loss in the same period the previous year. The company’s revenue saw a slight decrease, but gross profit surged due to reduced cost of sales and lower research expenses. This financial recovery is marked by a solid earnings per share of RMB 0.0360 compared to a loss per share previously.
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