Lonking Holdings Posts Strong Profit Growth

Lonking Holdings (HK:3339) has released an update.

Lonking Holdings Limited has reported a solid increase in profit for the first half of 2024, with unaudited interim results showing a rise to RMB 458.5 million from RMB 307.4 million in the corresponding period of 2023. Despite a slight decrease in revenue, the company successfully managed to cut costs, resulting in a higher gross profit and profit before tax. The earnings per share also improved, reaching RMB 0.11 up from RMB 0.07.

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