Lushang Life Services Reports Decreased Profits

Lushang Life Services Co., Ltd. Class H (HK:2376) has released an update.

Lushang Life Services Co., Ltd. reported a revenue of RMB 308.6 million for the first half of 2024, showing a slight decrease from the previous year, with a 1.7% drop in revenue and a 28.9% decrease in net profit, indicating a challenging period for the company. The firm’s gross profit margin also fell by 2.0% compared to the same period in 2023. Despite these financial challenges, the company has decided not to distribute any interim dividend.

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