China Tianrui Group Cement Co., Ltd. (HK:1252) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Tianrui Group Cement Co., Ltd. reported a significant decline in its interim results for the first half of 2024, with revenue dropping 35.4% to RMB 2.58 billion and profit plummeting 83.3% to RMB 25.89 million compared to the same period in 2023. The company’s basic earnings per share also decreased by 81.2%, reflecting challenging market conditions. Despite these setbacks, total equity saw a marginal increase, indicating some resilience in the company’s financial structure.
For further insights into HK:1252 stock, check out TipRanks’ Stock Analysis page.
