Upbest Group Limited Reports Decline in Interim Results

Upbest Group Limited (HK:0335) has released an update.

Upbest Group Limited reported a dramatic decrease in its financial performance for the six months ending September 2024, with revenue dropping to HK$49,448,000 from HK$67,520,000 in the previous year. Additionally, the company’s profit for the period fell sharply to HK$27,985,000, compared to HK$53,165,000 in the same period last year. Despite these declines, Upbest Group maintains a robust net asset position of HK$2,765,498,000 as of September 2024.

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