Tai Ping Carpets Sees Modest Revenue Growth Amid Strategic Expansion

Tai Ping Carpets International ( (HK:0146) ) just unveiled an announcement.

Tai Ping Carpets International Limited reported a modest 1% increase in consolidated turnover for the six months ended December 31, 2024, with total revenue reaching HK$308 million. The company saw growth in Asia and the US markets, albeit offset by a decline in EMEA due to fewer non-recurring projects and challenging trading conditions. The company’s profit before tax increased significantly by 30% due to strategic decisions like subletting a New York showroom, despite a rise in income tax expenses. The company’s manufacturing operations are stable, with ongoing expansion and investment in facilities in the US and China, focusing on efficiency, sustainability, and enhancing production capabilities.

More about Tai Ping Carpets International

Tai Ping Carpets International Limited operates in the carpet manufacturing industry, offering a range of high-quality carpet products. The company has a market focus that includes regions like Asia, the US, and EMEA, with a recent emphasis on private aviation segments in the US and steady improvements across sectors in Asia.

YTD Price Performance: 2.40%

Average Trading Volume: 130,446

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$271.6M

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