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Redsun Services Reports Mixed Mid-Year Financials

Redsun Services Reports Mixed Mid-Year Financials

Redsun Services Group Ltd (HK:1971) has released an update.

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Redsun Services Group Ltd reported a decline in revenue by 14.4% for the first half of 2024, with a significant drop in value-added services revenue. Despite the overall revenue decrease, the company’s gross profit margin improved by 5.3 percentage points. However, the profit attributable to shareholders fell by 31.0%, and the board has opted not to pay any interim dividend.

For further insights into HK:1971 stock, check out TipRanks’ Stock Analysis page.

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