Tongdao Liepin Group Sees Profit Surge Amid Revenue Dip

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

Tongdao Liepin Group reported a notable increase in net profit for the quarter ending September 2024, growing by 48.5% to RMB60 million, despite a 10% decline in revenue. The company’s non-GAAP operating profit also saw a significant rise, marking a 28.3% increase compared to the previous year. These financial results highlight the company’s robust profitability amidst declining revenues in its talent acquisition and HR services sector.

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