Summary by Moomoo AI
Techtronic Ind Limited ('TTI') announced its unaudited consolidated results for the six months ended 30 June 2024. During this period, TTI achieved a sales growth of 6.3% to US$7.3 billion, and a net profit growth of 15.7% to US$0.55 billion. The flagship brand, MILWAUKEE, achieved a sales growth of 11.2%, with gross margin improved to 39.9%. The free cash flow reached US$0.508 billion and the debt ratio improved to 9.2%. Steven Philip Richman was appointed as Executive Director on 21 May 2024. The interim dividend will be distributed around 19 September 2024, with a midpoint dividend of 13.90 cents per share. TTI's performance was fairly consistent across all regions worldwide, especially in North America, Europe, Australia and Asia markets all recorded growth. The company will continue to invest in new product development and talent to drive future growth.