Topsports Reports Decline in Interim Financial Results

Topsports International Holdings Limited (HK:6110) has released an update.

Topsports International Holdings Limited reported a dip in its interim financial performance, with revenue falling to RMB 13,054.7 million and profit attributable to equity holders dropping to RMB 873.8 million for the six months ending August 2024, compared to the same period last year. The company’s gross profit margin also decreased from 44.7% to 41.1%, highlighting challenges in maintaining profitability. Despite the setbacks, Topsports maintains a healthy gearing ratio with net cash, indicating stability in its financial structure.

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