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Tenfu Holdings Reports Decreased H1 2024 Earnings

Tenfu Holdings Reports Decreased H1 2024 Earnings

Tenfu (Cayman) Holdings Co (HK:6868) has released an update.

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Tenfu (Cayman) Holdings Company Limited reported a decline in financial performance for the first half of 2024, with revenue dropping by 3.7% and profit falling to RMB69.1 million from RMB98.9 million in the same period last year. The company experienced a decrease in gross profit margin from 54.9% to 52.3%. Despite the downturn, Tenfu has decided to distribute an interim dividend of HKD0.03 per share to its shareholders.

For further insights into HK:6868 stock, check out TipRanks’ Stock Analysis page.

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