China Tianbao Group Development Company Limited (HK:1427) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Tianbao Group Development Company Limited reports a reduction in revenue and a switch from profit to loss in their unaudited interim results for the first half of 2024, with no interim dividend being paid to shareholders. The company’s construction contracting business saw a decrease in revenue, and the overall financial performance shows a significant downturn compared to the same period in 2023. This comes as a notable shift for investors, as the earnings per share moved from a marginal profit to a loss.
For further insights into HK:1427 stock, check out TipRanks’ Stock Analysis page.