Tang Palace Reports Decline in 2024 Half-Year Earnings
Company Announcements

Tang Palace Reports Decline in 2024 Half-Year Earnings

Tang Palace (China) Holdings Limited (HK:1181) has released an update.

Tang Palace (China) Holdings Limited reported a decrease in revenue by 10.4% and a significant drop in profits for the first half of 2024 compared to the same period in 2023, with earnings per share plummeting from 3.86 RMB cents to just 0.31 RMB cents. Moreover, the number of self-owned restaurants decreased from 37 to 33, reflecting the company’s operational downsizing.

For further insights into HK:1181 stock, check out TipRanks’ Stock Analysis page.

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