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CM Energy Tech Reports Mixed Mid-Year Results

CM Energy Tech Reports Mixed Mid-Year Results

CMIC Ocean En-Tech Holding Co (HK:0206) has released an update.

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CM Energy Tech Co., Ltd. reported a decrease in revenue by 16.5% to US$77.6 million in the first half of 2024 compared to the same period in 2023, while gross profit saw a slight increase of 3.3%. Net profit remained stable at approximately US$4.8 million, mirroring the earnings from the previous year, with the company deciding against an interim dividend for the period.

For further insights into HK:0206 stock, check out TipRanks’ Stock Analysis page.

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