Lion Rock Group (HK:1127) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
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.