China Energy Development’s Mid-Year Profit Dips

China Energy Development Holdings Limited (HK:0228) has released an update.

China Energy Development Holdings Limited reported a slight decrease in their financial performance for the first half of 2024, with a 1.5% drop in revenue and a 4.3% decline in profit attributable to owners compared to the same period in 2023. The company’s earnings per share also saw a modest decrease. These unaudited interim results reflect challenges in operating profitability amidst a competitive market.

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