Summary by Moomoo AI
BOE Varitronix (the 'Company') announced its interim performance for the six months ended June 30, 2024. During the period, the Company's revenue reached HKD 615.7 million, an increase of 18% compared to the same period last year. However, net profit attributable to shareholders decreased by 15% to HKD 17.21 million. Basic earnings per share was HKD 0.219. The operating cash inflow was HKD 79.5 million, and the total cash resources amounted to HKD 394.4 million. The growth in the Group's revenue was mainly driven by the increase in sales of new energy automobiles and capacity expansion. However, overall operating profit margin was affected by factors such as price adjustments, increase in inventory costs, and rise in transportation fees. The Board of Directors decided not to distribute interim...Show More