China Silver Group Ltd. (HK:0815) has released an update.
China Silver Group Ltd. reported a decrease in revenue by 17.2% in the first half of 2024 compared to the same period in 2023, but saw net profits rise by 27.2% due to higher silver prices and improved cost control in its Manufacturing segment. Despite a drop in sales volume, the company’s New Jewellery Retail segment, operated by CSMall, shifted from a net loss to a net profit, buoyed by stronger silver product sales. However, this was somewhat counteracted by losses in the Fresh Food Retail segment and an impairment loss on goodwill.
For further insights into HK:0815 stock, check out TipRanks’ Stock Analysis page.