Ferretti S.p.A. (HK:9638) 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
Ferretti S.p.A. reported a robust first half of 2024 with net revenues up by 11.3% and profits increasing by 7.6% compared to the same period in 2023. The luxury yacht maker expanded its production capacity by 10% following a €14 million investment in a new shipyard, and continued to showcase at major international boat shows. Additionally, the company paid out dividends to shareholders and announced strategic partnerships and brand collaborations, signaling a strong market presence and growth.
For further insights into HK:9638 stock, check out TipRanks’ Stock Analysis page.