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GDH Guangnan Reports Mixed Mid-Year Financials

GDH Guangnan Reports Mixed Mid-Year Financials

GDH Guangnan (Holdings) Limited (HK:1203) has released an update.

GDH Guangnan (Holdings) Limited reported an 8.6% increase in revenue for the first half of 2024 compared to the previous year, while profits from operations and profits attributable to shareholders saw declines of 6.3% and 2.4%, respectively. The company maintained an interim dividend of HK1.0 cent per share, identical to the previous year. Despite mixed financial results, the company made notable strides in its fresh and live foodstuffs business, particularly within the Guangdong-Hong Kong-Macao Greater Bay Area, leading to a 15.6% increase in that segment’s revenue.

For further insights into HK:1203 stock, check out TipRanks’ Stock Analysis page.

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