YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
YTO International Express and Supply Chain Technology Limited reported a 20.6% increase in revenue to HK$2,975.1 million for the first half of 2024, but swung to a loss of HK$42.1 million, in contrast to a profit in the same period last year. Notably, the air freight segment suffered a significant decrease in profits by 60.9%, while ocean freight business improved by 32%. Additionally, the international express and parcel services business experienced an 82.2% decline in segment results compared to the previous year.
For further insights into HK:6123 stock, check out TipRanks’ Stock Analysis page.