Tianli Holdings Reports Improved Financials

Tianli Holdings Group Limited (HK:0117) has released an update.

Tianli Holdings Group Limited reported a modest revenue increase to RMB219.4 million, up 3.2% for the first half of 2024, while also reducing losses from RMB69.7 million to RMB59.2 million year-on-year. The company’s gross profit margin improved significantly, particularly in the MLCC segment, which turned around from a gross loss margin to a 6.47% profit margin. Despite these improvements, the Board has decided not to issue an interim dividend for the period.

For further insights into HK:0117 stock, check out TipRanks’ Stock Analysis page.