Morimatsu International Reports Mixed Mid-Year Financials

Morimatsu International Holdings Company Limited (HK:2155) has released an update.

Morimatsu International Holdings Company Limited has reported its unaudited interim financial results for the first half of 2024, revealing a decrease in net profit compared to the previous year despite an increase in gross profit margin. The company’s revenue declined from the previous year, yet the gross profit margin saw an improvement. Although the amount of new orders decreased, the company still maintains a significant backlog of performance obligations.

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