Maike Tube Industry Posts Strong H1 2024 Results

Maike Tube Industry Holdings Limited (HK:1553) has released an update.

Maike Tube Industry Holdings Limited reported a solid performance in its interim results for the first half of 2024, with revenue up to RMB 1,162,024,000 from last year’s RMB 1,069,376,000 and a net profit increase to RMB 81,452,000 from RMB 71,785,000. Despite facing increased costs and research expenditures, the company maintained a growth in profits and earnings per share, which rose from RMB 0.167 to RMB 0.188. These results demonstrate the company’s resilience and potential for investor returns in a challenging economic environment.

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