Shuanghua Holdings Ltd. (HK:1241) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Shuanghua Holdings Limited reported a significant shift in its financial performance for the first half of 2024, with an unaudited loss of RMB 3,183,000 compared to a modest profit of RMB 204,000 in the same period the previous year. This downturn is reflected in both the company’s gross profit and earnings per share, which dropped from a profit of 0.03 cents to a loss of 0.05 cents. The company’s revenue, however, did see a notable increase from RMB 28,701,000 to RMB 60,563,000, despite the overall loss.
For further insights into HK:1241 stock, check out TipRanks’ Stock Analysis page.