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LifeTech Posts Revenue Growth Amidst Profit Decline

LifeTech Posts Revenue Growth Amidst Profit Decline

LifeTech Scientific Corporation (HK:1302) has released an update.

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LifeTech Scientific Corporation reported a slight revenue growth of 2.1% in their interim results for the first half of 2024, with turnover reaching approximately RMB652.8 million. Despite this, the company experienced a 6.6% drop in net profit, attributed mainly to increased staff costs and a decrease in foreign exchange gains. The Board has decided not to issue any interim dividends for this period.

For further insights into HK:1302 stock, check out TipRanks’ Stock Analysis page.

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