Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd. (HK:1938) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. reported a decline in profit for the first half of 2024, with earnings of RMB 129.52 million compared to RMB 158.03 million in the same period last year. Despite a significant increase in revenue, the company faced higher costs of sales and services, which contributed to a lower overall profit. The basic and diluted earnings per share also decreased from RMB 0.16 to RMB 0.13.
For further insights into HK:1938 stock, check out TipRanks’ Stock Analysis page.