Lion Rock Group Posts Increased H1 Revenue and Profit

Lion Rock Group (HK:1127) has released an update.

Lion Rock Group Limited reported an increase in revenue and profit for the first half of 2024, with a revenue of HK$1,257,315,000 compared to HK$1,209,685,000 in 2023, and a net profit of HK$87,846,000 up from HK$83,507,000. Despite facing higher direct operating costs and other expenses, the company’s gross profit also saw a rise from HK$382,715,000 to HK$399,247,000. However, the period also saw a larger exchange loss on translation of financial statements of foreign operations, which impacted other comprehensive income.

For further insights into HK:1127 stock, check out TipRanks’ Stock Analysis page.