Renco Holdings Announces Remarkable Mid-Year Turnaround

Renco Holdings Group Ltd. (HK:2323) has released an update.

Renco Holdings Group Ltd. reports a significant turnaround with a profit of HK$24,789,000 for the six months ended June 30, 2024, compared to a loss of HK$153,774,000 in the same period last year. This recovery is reflected by an overall total comprehensive income of HK$57,541,000, a substantial improvement from the previous year’s total comprehensive loss of HK$198,565,000. Earnings per share have also rebounded from a loss of HK(5.81) cents to a gain of HK0.94 cents.

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