Ju Teng Reports Higher Profits Despite Revenue Drop

Ju Teng International Holdings Limited (HK:3336) has released an update.

Ju Teng International Holdings Limited reported mixed results for the first half of 2024 with revenue decreasing by 13.4% to HK$2,999 million, while gross profit soared by 84.9% to HK$199 million. Despite an improved gross profit margin, the company experienced an increased loss of HK$69 million attributable to equity holders, compared to a loss of HK$57 million in the same period last year. Net asset value per share also saw a slight decrease from HK$4.6 to HK$4.3.

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