Mulsanne Group’s Earnings Dip Despite Revenue Growth
Company Announcements

Mulsanne Group’s Earnings Dip Despite Revenue Growth

Mulsanne Group Holding Limited (HK:1817) has released an update.

Mulsanne Group Holding Limited reports a marginal revenue increase to RMB1,088.4 million and a slight rise in gross profit to RMB583.3 million in the first half of 2024, attributed to successful brand promotion, and R&D enhancements. Despite these gains, the company’s profit for the period saw a significant decrease from RMB27.665 million in 2023 to RMB6.791 million in 2024. The earnings per share also dropped from RMB3.28 cents to RMB0.75 cents in the same comparison.

For further insights into HK:1817 stock, check out TipRanks’ Stock Analysis page.

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