Townray Holdings (01692) has released its interim results for the six months ended June 30, 2024, during which the Group achieved...
According to the announcement, Townray Holdings (01692) has released its interim results for the six months ended June 30, 2024. During this period, the Group reported a revenue of HKD 0.302 billion, a decrease of 23.86% year-on-year. The net profit for the period was HKD 48.533 million, a decrease of 44.43% year-on-year. The basic earnings per share were 13.52 HK cents. The Group intends to distribute an interim dividend of 11 HK cents per share.
According to the announcement, the decrease in revenue was mainly due to customers adopting destocking measures, which resulted in a decrease in sales of cooking appliances during the period.