Summary by Moomoo AI
RITAMIX Limited (RITAMIX) announced its interim performance for the six months ended on June 30, 2024. During the period, the company's revenue slightly increased to approximately 59.6 million ringgit, with a gross margin of approximately 12.4 million ringgit, but the gross margin rate decreased slightly. The net profit for the period was approximately 4.6 million ringgit, a decrease of about 16.4% compared to the same period last year. Earnings per share were 0.86 ringgit. The total assets amounted to approximately 177.2 million ringgit, an increase from the end of last year. The company did not declare an interim dividend and continued to comply with corporate governance regulations, except for the chairman and CEO being the same person. The company also announced a share buyback plan after the reporting period to enhance shareholder value.
