Tu Yi Holding Co., Ltd. (HK:1701) has released an update.
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Tu Yi Holding Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2024, with overseas market expansion contributing to a 234.1% revenue growth. Despite the impressive performance, the company’s gross profit margin declined due to a higher proportion of lower-margin day tour sales. The Board has chosen not to issue an interim dividend, opting instead to conserve funds for future growth initiatives.
For further insights into HK:1701 stock, check out TipRanks’ Stock Analysis page.
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