Sheen Tai Holdings Faces Sharp Revenue Decline

Sheen Tai Holdings Group Co. Ltd. (HK:1335) has released an update.

Sheen Tai Holdings Group Co. Ltd. reported a significant decrease in revenue and profits for the first half of 2024, with revenue dropping by 53.1% and profit attributable to equity shareholders down by 67.5% compared to the same period in 2023. Despite the overall downturn, the company’s gross profit margin improved by 8.2%. No interim dividend will be paid for this period, consistent with the previous year’s approach.

For further insights into HK:1335 stock, check out TipRanks’ Stock Analysis page.