Million Hope Industries Holdings Ltd. (HK:1897) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Million Hope Industries Holdings Limited reported a 16.4% decline in revenue for the six months ending September 2024, totaling HK$271.7 million, due to thinner project margins amid fierce industry competition. Despite this, the company saw a 51.1% rise in net profit to HK$6.8 million, thanks to a significant reversal of impairment losses and no joint venture losses. However, the interim dividend was reduced to HK0.5 cents per share, compared to HK0.8 cents in the previous period.
For further insights into HK:1897 stock, check out TipRanks’ Stock Analysis page.