Legend Holdings Posts Higher Revenue but Net Profit Dips

Legend Holdings Corporation Class H (HK:3396) has released an update.

Legend Holdings Corporation reports an increase in revenue to RMB 233,364 million during the first half of 2024, which marks a 16% rise from the previous year, driven by strong performance in diversified-industries operation. However, net profit attributable to equity holders saw a significant drop of 57% to RMB 286 million compared to the same period in 2023. Notably, the technology segment led by Lenovo showcased a remarkable 70% growth in its net profit contribution.

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