Tiangong International Co. Ltd. (HK:0826) has released an update.
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Tiangong International Co. Ltd. reported a slight revenue increase to RMB 2.52 billion in the first half of 2024, up 1% from the previous year, but saw a decrease in both gross profit by 1.9% and net profit by 15.7%, with a drop in earnings per share from RMB 0.079 to RMB 0.067. Additionally, the company’s net debt rose by 10.2%, while net assets saw a marginal growth of 0.3%.
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