Sandmartin International Holdings Limited (HK:0482) has released an update.
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Sandmartin International Holdings Limited reported a revenue increase of 5.7% to HK$312.1 million and a net profit of HK$18.0 million for the first half of 2024, turning around from a loss in the previous year. Despite global economic challenges, including the China-US trade war and a tight monetary policy affecting profit margins, the company is taking strategic steps, including diversification and supplier adjustments, to improve its financial health.
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