Golden Power Group Holdings Ltd. (HK:3919) has released an update.
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Golden Power Group Holdings Ltd. reported a revenue increase of 27.24% to HK$157.55 million for the first half of 2024, while narrowing its loss to HK$2.87 million compared to the same period last year. Despite the improved revenue and gross profit margin, which rose due to lower production costs and increased automation, the company decided not to issue an interim dividend. The reduced loss per share from HK(2.41) to HK(0.53) cents reflects the company’s recovery and cost management efforts.
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