tiprankstipranks
Trending News
More News >

Wai Yuen Tong Medicine Sees Profit Surge Amid Revenue Dip

Wai Yuen Tong Medicine Sees Profit Surge Amid Revenue Dip

Wai Yuen Tong Medicine Holdings Limited (HK:0897) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

Wai Yuen Tong Medicine Holdings Limited reported a significant increase in profit attributable to owners, surging by over 577% to HK$23.7 million for the six months ending September 2024, despite a 5.8% drop in revenue. The company’s earnings per share also saw a notable rise, reflecting improved financial performance. However, the net asset value and cash reserves witnessed a decline, indicating some financial challenges ahead.

For further insights into HK:0897 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