Pacific Online (HK:0543) has released an update.
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Pacific Online Limited has reported a significant turnaround in its financial performance for the first half of 2024, with a net profit of RMB 10,130,000 compared to a net loss of RMB 40,652,000 in the same period last year. This impressive recovery is attributed to a substantial reduction in costs and an increase in other income, leading to earnings of 0.89 cents per share after a previous loss of 3.36 cents per share. Investors may find these results particularly compelling as they suggest a strong comeback for the company in a challenging economic climate.
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