Renaissance United Limited (SG:I11) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Renaissance United Limited reported a 7.1% decline in quarterly revenue, driven mainly by decreased demand in its ESA Electronics segment and zero revenue from land sales in the U.S. Meanwhile, its gas distribution business in China showed mixed results, with a slight revenue decrease this quarter but an increase over six months. The company is strategizing to improve future profitability amid potential regulatory changes in China’s gas pricing.
For further insights into SG:I11 stock, check out TipRanks’ Stock Analysis page.