Tungtex (Holdings) Co (HK:0518) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Tungtex (Holdings) Company Limited reported a revenue increase to HK$323,320,000 for the six months ending September 2024, up from HK$237,529,000 in the same period last year. Despite the revenue boost, the company faced a net loss of HK$15,367,000, attributed to higher selling, distribution, and administrative expenses. This reflects ongoing challenges in managing costs despite improved sales performance.
For further insights into HK:0518 stock, check out TipRanks’ Stock Analysis page.
