Grand Ocean Reports Revenue Growth Amid Losses
Company Announcements

Grand Ocean Reports Revenue Growth Amid Losses

Grand Ocean Advanced Resources Co., Ltd. (HK:0065) has released an update.

Grand Ocean Advanced Resources Co., Ltd. reported an 8.4% increase in revenue to HK$88.6 million and a 21.3% rise in gross profit to HK$38.1 million for the first half of 2024, compared to the same period in 2023. Despite these gains, the company experienced a loss of HK$7.2 million, an improvement from the HK$27.8 million loss in the previous year, and decided against issuing an interim dividend.

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