Continental Aerospace Technologies Holding Ltd. (HK:0232) has released an update.
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Continental Aerospace Technologies Holding Ltd. has reported a significant decrease in profit for the first half of 2024, with earnings dropping from HK$80.48 million in 2023 to HK$7.05 million in 2024. The company’s revenue declined from HK$928.7 million to HK$781.8 million, while also experiencing a loss in comprehensive income, turning last year’s gain into a loss of HK$7.37 million. These results reflect challenges facing the firm, including higher costs and reduced sales.
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