China Conch Venture Holdings (HK:0586) has released an update.
China Conch Venture Holdings reported a significant drop in its interim financial results for the first half of 2024, with revenue falling by 29.35% and net profit decreasing by 35.32% compared to the same period last year. The company’s basic earnings per share also declined to RMB 0.67, and the Board has decided not to issue an interim dividend for this period. These figures reflect challenges faced by the Group amidst a tough economic climate.
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