Landrich Holding Reports Profit Decline Amid Rising Costs

Landrich Holding Limited (HK:2132) has released an update.

Landrich Holding Limited reported a significant decline in profits for the first half of 2024, with net income dropping to HK$2.35 million from HK$17.63 million in the same period last year. Despite a revenue increase to HK$644.49 million, rising direct costs and operating expenses have impacted the company’s profitability. Investors may find these results concerning as they reflect challenges in managing costs effectively.

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