Magic Empire Global Ltd. (MEGL) has released an update.
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Magic Empire Global Ltd. reported a significant 26.9% increase in revenue for the first half of 2024 compared to the same period in 2023, reaching approximately HK$7.7 million. Despite the revenue boost, the company’s net income fell by 13.6%, attributed mainly to rising expenses in staffing and business development. This financial performance highlights both the challenges and growth opportunities in diversifying beyond the Hong Kong market.
For further insights into MEGL stock, check out TipRanks’ Stock Analysis page.