VPower Group Reports Mixed Interim Results

VPower Group International Holdings Limited (HK:1608) has released an update.

VPower Group International Holdings Limited reported a mixed financial performance for the first half of 2024, with revenue dropping by 18.2% to HK$816.6 million, but gross profit marginally rising by 3.1%. Despite the revenue decrease, the company saw a significant reduction in loss attributable to owners by 57.7% to HK$138.6 million, thanks to lowered administrative and other expenses, alongside no losses from its Myanmar joint venture.

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