Ruicheng Media Reports Profitable First Half

Ruicheng (China) Media Group Limited (HK:1640) has released an update.

Ruicheng (China) Media Group Limited has released its unaudited interim financial results, showcasing a gross profit of RMB 4,954,000 for the first half of 2024. Despite a substantial decrease in revenue compared to the previous year, the company still managed a profit of RMB 5,366,000, mainly due to the reversal of impairment losses on financial assets. Earnings per share have significantly increased to 1.31 cents from just 0.04 cents in the same period last year.

For further insights into HK:1640 stock, check out TipRanks’ Stock Analysis page.