Origin Agritech (SEED) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Origin Agritech Limited reported a net profit of RMB1.4 million (US$0.2 million) for the first half of FY2024, a significant improvement from a net loss in the previous year. Net revenue saw a substantial increase to RMB92 million (US$13 million), and the company managed to reduce its total operating expenses. The financial results indicate a positive turnaround in performance, with earnings per share reaching RMB0.21 (US$0.03).
For further insights into SEED stock, check out TipRanks’ Stock Analysis page.