HPC Holdings Ltd. (HK:1742) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
HPC Holdings Limited reported a significant revenue drop of 48.21% in the first half of 2024, with gross profit also falling by 17.44% due to early stages of major ongoing projects and a stabilized post-COVID market. Despite these challenges, the company secured a new S$39.393 million project and maintained a healthy order book valued at S$312 million. Net profit after tax plummeted by 66.74% compared to the same period last year, as the company navigates a competitive construction market with rising material costs and geopolitical tensions.
For further insights into HK:1742 stock, check out TipRanks’ Stock Analysis page.