Nexteer Automotive Reports Dip in Mid-Year Profits

Nexteer Automotive Group (HK:1316) has released an update.

Nexteer Automotive Group Limited reported unaudited interim results, showing a decrease in profit for the first half of 2024 compared to the same period in 2023. Revenue remained stable, but profit attributed to equity holders nearly halved from US$33,993,000 to US$15,695,000. The earnings per share also dropped from US$0.014 to US$0.006.

For further insights into HK:1316 stock, check out TipRanks’ Stock Analysis page.