China Wantian Holdings Limited (HK:1854) has released an update.
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China Wantian Holdings Limited has reported an increase in revenue to HK$251,763,000 for the first half of 2024, up from HK$128,734,000 in the previous six-month period, according to its unaudited condensed consolidated interim results. Despite higher revenues, the company faced a gross profit of HK$33,818,000 and an overall loss for the period amounting to HK$17,216,000. The report indicates the company is experiencing operational challenges, with an operating loss and a basic and diluted loss per share of HK$0.88.
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