Tycoon Group Holdings Limited (HK:3390) has released an update.
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Tycoon Group Holdings Limited reported a significant downturn in its interim results for the first half of 2024, with revenue dropping by 34.7% and net profit plummeting by 75.7% compared to the same period last year. The Group also decided against declaring an interim dividend, underscoring a challenging half-year marked by reduced profitability. These results highlight a stark contrast to the previous year’s performance, indicating a period of financial strain for the company.
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