tiprankstipranks
Trending News
More News >

VPower Group Reports Mixed Interim Results

VPower Group Reports Mixed Interim Results

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

Don’t Miss TipRanks’ Half-Year Sale

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.

For further insights into HK:1608 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1