China Xinhua Education Posts Strong Mid-Year Profits

China Xinhua Education Group Limited (HK:2779) has released an update.

China Xinhua Education Group Limited reported a 17.5% increase in profit for the first half of 2024, with overall revenue growth of 1.3%. The interim financial results also showed a slight rise in gross profit, indicating a stable performance amidst market challenges. The company’s financial growth is reflected by a solid adjusted net profit increase of 2.7% compared to the same period in the previous year.

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