Town Ray Holdings Faces Decreased Earnings

Town Ray Holdings Limited (HK:1692) has released an update.

Town Ray Holdings Limited reported a significant decline in their financial performance for the first half of 2024, with revenue dropping by 23.9% and profit attributable to equity holders falling by 44.4% compared to the same period in 2023. The company’s gross profit margin also saw a decrease, and basic earnings per share went down from HK24.33 cents to HK13.52 cents. Despite the downturn, the Board declared an interim dividend of HK11.0 cents per share.

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