Oriental Enterprise Reports Lower Profit Amid Revenue Drop

Oriental Enterprise Holdings Limited (HK:0018) has released an update.

Oriental Enterprise Holdings Limited reported a profit of HK$25.36 million for the six-month period ending September 2024, a decrease from HK$31.79 million in the same period last year. Despite a decline in revenue, the company achieved a total comprehensive income of HK$47.01 million, bolstered by favorable exchange rate movements. Investors might note the earnings per share dropped to 1.05 cents from 1.28 cents in the previous year.

For further insights into HK:0018 stock, check out TipRanks’ Stock Analysis page.