Nanfang Communication Posts Strong Profit Growth

Nanfang Communication Holdings Ltd. (HK:1617) has released an update.

Nanfang Communication Holdings Ltd. reported mixed results for the first half of 2024, with total revenue dipping slightly by 3.0% year-on-year, yet gross profit surged by 30.4%, boosting the gross profit margin to 13.5%. Despite the revenue decline, the company achieved a substantial increase in profit and total comprehensive income, which rose to RMB 5.5 million, but opted not to pay an interim dividend.

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