Newton Resources Reports Decreased Mid-Year Profits

Newton Resources Ltd. (HK:1231) has released an update.

Newton Resources Ltd. has announced its unaudited interim financial results for the first half of 2024, indicating a decrease in revenue and profit compared to the same period in 2023. The company reported a gross profit of $4.98 million, down from $6.33 million the previous year, with an overall profit for the period of $1.41 million, which is lower than the $2.86 million reported in 2023. Earnings per share have also declined from 0.07 US cents to 0.04 US cents.

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