Prosperous Industrial Reports Soaring H1 Profits

Prosperous Industrial (Holdings) Ltd. (HK:1731) has released an update.

Prosperous Industrial (Holdings) Ltd. has reported a robust increase in profits for the first half of 2024, with revenue climbing to $130,719,000 from $115,339,000 in the previous year and profit attributable to shareholders almost doubling from $9,867,000 to $18,858,000. The company also saw a significant improvement in earnings per share, which rose from 0.88 US cents to 1.68 US cents. This financial growth comes despite a slight increase in various operational expenses and a minor other comprehensive loss due to foreign exchange differences.

For further insights into HK:1731 stock, check out TipRanks’ Stock Analysis page.