Magic Empire Global Ltd. Sees Revenue Surge Amid Rising Costs
Company Announcements

Magic Empire Global Ltd. Sees Revenue Surge Amid Rising Costs

Magic Empire Global Ltd. (MEGL) has released an update.

Magic Empire Global Ltd. reported a significant 26.9% increase in revenue for the first half of 2024 compared to the same period in 2023, reaching approximately HK$7.7 million. Despite the revenue boost, the company’s net income fell by 13.6%, attributed mainly to rising expenses in staffing and business development. This financial performance highlights both the challenges and growth opportunities in diversifying beyond the Hong Kong market.

For further insights into MEGL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskMagic Empire Global Ltd. Announces Key Shareholder Meeting
TipRanks Auto-Generated NewsdeskMagic Empire Global Granted Nasdaq Compliance Extension
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App