Tsit Wing Posts Higher Profits Despite Revenue Dip

Tsit Wing International Holdings Limited (HK:2119) has released an update.

Tsit Wing International Holdings Limited reported a mixed financial performance for the first half of 2024, with revenue decreasing by 2.8% to HK$349.4 million compared to the same period in 2023. Despite the dip in revenue, the company saw a significant rise in profitability, with gross profit up 7.5% and net profit surging 63.3%, resulting in a net profit margin increase from 6.1% to 10.3%.

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