VSTECS Holdings Reports Decreased Bi-Annual Profit

VSTECS Holdings Limited (HK:0856) has released an update.

VSTECS Holdings Limited has reported its interim financial results for the first half of 2024, revealing a slight decrease in profit compared to the previous year. Despite an increase in revenue to HK$40.08 billion, up from HK$34.03 billion, the company’s profit after taxation fell to HK$477.53 million from HK$502.08 million. The basic earnings per share also dipped to 32.57 cents from 35.61 cents year-on-year.

For further insights into HK:0856 stock, check out TipRanks’ Stock Analysis page.