Million Hope Industries Holdings Ltd. (HK:1897) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.