WH Group Limited: Profits Surge despite Sales Dip

WH Group Limited (HK:0288) has released an update.

WH Group Limited reported a decline in sales volumes for packaged meats and pork by 6% and 10% respectively in the first half of 2024, alongside a 6.3% drop in revenue. However, the company saw a substantial increase in operating profit by 78.4% and an 81.2% rise in profit attributable to owners, before biological fair value adjustments. These results reveal a strong profit growth despite reduced sales, indicating operational efficiency and market resilience.

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