Yangtze Optical Fibre and Cable Joint Stock Co (HK:6869) has released an update.
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Yangtze Optical Fibre and Cable Joint Stock Limited Company reported a significant decline in financial performance for the first half of 2024, with total revenue dropping by 22.7% and profit attributable to shareholders falling by 37.8% compared to the previous year. Both domestic and overseas customer revenues saw a decrease, contributing to the company’s overall downturn. Furthermore, the company’s Board decided against recommending any interim dividend for the period.
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