Times Neighborhood Posts Remarkable Mid-Year Turnaround

Times Neighborhood Holdings Ltd. (HK:9928) has released an update.

Times Neighborhood Holdings Limited reported a significant turnaround with a profit of RMB 42,353,000 for the six months ended June 30, 2024, compared to a loss of RMB 242,147,000 in the same period last year. This notable recovery is attributed to reduced administrative expenses and other costs, despite a slight decrease in revenue. Shareholders will find encouragement in the earnings per share shift from a 25 RMB cent loss to a 4 RMB cent gain.

For further insights into HK:9928 stock, check out TipRanks’ Stock Analysis page.