Tai Hing Group Reports Steady Growth Amid Challenges

Tai Hing Group Holdings Ltd. (HK:6811) has released an update.

Tai Hing Group Holdings Limited reported a modest revenue increase of 2.8% reaching HK$1,612.5 million in the first half of 2024, despite a challenging economic climate marked by a slow recovery and changing local consumption habits. The company’s profits have declined compared to the previous year, with profits attributable to company owners at HK$10.7 million. However, the firm maintains a stable dividend policy, announcing an interim dividend of HK2.50 cents per share, and holds a strong cash position with HK$268.0 million in cash and no bank borrowings.

For further insights into HK:6811 stock, check out TipRanks’ Stock Analysis page.