Yeahka Limited Reports Mid-Year Financial Shifts

Yeahka Limited (HK:9923) has released an update.

Yeahka Limited reported a decrease in gross payment volume by 17.8% and a drop in revenue by 23.5% for the first half of 2024 compared to the previous year, amidst market volatility. Despite the downturn, the company saw an increase in gross profit margin to 19% and a significant rise in profits, surpassing the full-year profits of 2023. Yeahka also marked an increase in the contribution of non-payment services to their total revenue and gross profit, highlighting a strategic shift towards diversification within their commercial digital ecosystem.

For further insights into HK:9923 stock, check out TipRanks’ Stock Analysis page.