China Tianbao Reports Loss in First Half of 2024

China Tianbao Group Development Company Limited (HK:1427) has released an update.

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.

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