Watts International Reports First Half 2024 Losses

Watts International Maritime Engineering Ltd. (HK:2258) has released an update.

Watts International Maritime Engineering Ltd. reported a significant decrease in revenue and a shift to losses in their interim results for the first half of 2024, with revenue dropping to RMB 715,208 from RMB 1,038,568 the previous year, and a net loss of RMB 123,868 compared to a profit of RMB 12,002 in 2023. This also affected the company’s total assets and equity, which saw a decrease from December 2023. The interim report was reviewed by the Audit Committee and approved by the Board.

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