SMIT Holdings (HK:2239) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SMIT Holdings Limited reported a significant loss for the first half of 2024, with unaudited results showing a loss of $15.1 million compared to a profit of $280,005 in the same period last year. The company’s revenue declined from $11.2 million to $8.6 million, and they also faced substantial share of net losses from investments. These financial challenges are reflected in a negative basic and diluted earnings per share of $0.05.
For further insights into HK:2239 stock, check out TipRanks’ Stock Analysis page.