Wei Yuan Holdings Limited (HK:1343) has released an update.
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Wei Yuan Holdings Limited has reported a decrease in profit for the six-month period ending June 30, 2024, with earnings of S$217,000 compared to S$1,016,000 in the previous year. The company’s revenue slightly declined from S$46,101,000 to S$45,432,000, and the earnings per share also fell sharply from 0.04 to 0.0002 Singapore cents. This financial performance reflects challenges in cost management and joint venture losses.
For further insights into HK:1343 stock, check out TipRanks’ Stock Analysis page.