Tian Chang Group Holdings Faces Interim Losses

Tian Chang Group Holdings Ltd. (HK:2182) has released an update.

Tian Chang Group Holdings Ltd. has reported a challenging interim financial performance for the first half of 2024, with a notable shift from a profit of HK$20,647,000 in 2023 to a loss of HK$7,944,000. This downturn is reflected in the company’s comprehensive loss of HK$11,923,000 for the period, compared to a smaller comprehensive loss of HK$4,440,000 the previous year. The results indicate a significant decrease in revenue and gross profit, and a loss per share of 1.28 Hong Kong cents.

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