Summary by Moomoo AI
FIT Hon Teng Limited announced its interim report for 2024. The report shows that the company achieved significant growth in the first half of 2024, with revenue reaching 2.067 billion US dollars, an increase of 15.9% year-on-year; the gross margin increased from 15.9% to 20.4%, with a 48.8% gross margin growth to 421 million US dollars. The company's net profit turned from a loss of 9 million US dollars in the same period of 2023 to a profit of 33 million US dollars. In addition, the company saw revenue growth in markets such as smart phones, network infrastructure, computers and consumer electronics, electric automobiles, and end products. On July 3, 2023, the company completed the acquisition of Prettl SWH Group, a German automotive component design and manufacturing plant, renaming it...Show More