Tongdao Liepin Group: Revenue Falls, Profits Soar

Tongdao Liepin Group (HK:6100) has released an update.

Tongdao Liepin Group reported mixed financial results for the first half of 2024, with a 7.2% decrease in revenue but a substantial increase in net profit by 412.9% compared to the same period in 2023. Despite lower gross profits, the company achieved a significant rise in non-GAAP operating profit, doubling from the previous year. However, the Board has decided not to issue an interim dividend for this period.

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