tiprankstipranks
Tongda Group’s Profits Fall Despite Revenue Rise
Company Announcements

Tongda Group’s Profits Fall Despite Revenue Rise

Tongda Group Holdings (DE:TJC) has released an update.

Stay Ahead of the Market:

Tongda Group Holdings Limited reported a marginal increase in turnover by 0.3% to HK$2.98 billion for the first half of 2024, but saw a significant drop in profits attributable to owners by 33.7% and a decrease in basic earnings per share by 35%. Despite higher revenue, the group’s net profit fell, and the board has decided not to issue an interim dividend for the period.

For further insights into DE:TJC stock, check out TipRanks’ Stock Analysis page.

Related Articles
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

Latest News Feed

More Articles