Summary by Moomoo AI
Tongda Group (Stock Code: 698) announced its interim performance for the six months ended June 30, 2024. During the period, the Group's revenue slightly increased by 0.3% to approximately HK$298.6 million; however, the attributable net profit of the company decreased by 33.7% to approximately HK$12.8 million. Basic earnings per share also decreased by 35.0% to HK$0.13. The board of directors has decided not to distribute any interim dividend. During the period, the Group completed the sale of the precision components business and carried out business restructuring to improve management efficiency. In addition, the Group also conducted a series of acquisitions to expand its business scope. The Group will continue to optimize its operational structure, enhance competitiveness, and seek closer cooperation with key customers.
