Highest Performances Holdings (HPH) has released an update.
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Highest Performances Holdings Inc. reports a significant revenue decrease of 48% to $5 million in the first half of FY 2024, alongside a net loss of $4.7 million, which mirrors the previous year’s net loss. Despite market challenges, the company highlights advancements such as a successful share exchange with Fanhua Inc. and a strategic partnership with Singapore White Group Pte. Ltd. to bolster its financial services and global presence. They plan to focus on synergy with Fanhua, expanding wealth management services, and advancing institutional business to navigate economic headwinds and drive growth.
For further insights into HPH stock, check out TipRanks’ Stock Analysis page.