New Universe Environmental Reports Mixed Mid-Year Results

New Universe Environmental Group Limited (HK:0436) has released an update.

New Universe Environmental Group Limited reported a 17.2% decrease in revenue and a 38.9% decrease in loss attributable to owners for the first half of 2024, compared to the same period in 2023. Despite the decline in revenue, cash and cash equivalents increased by 13.9%, though the company saw a 22.0% increase in bank borrowings. Reflecting these results, the company’s board has decided not to declare a dividend for the period.

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