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.
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