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IPE GROUP: 2024 Interim report
IPE Group's (HKG:929) Promising Earnings May Rest On Soft Foundations
IPE Group Limited Reports Increased Profits Amid Challenges
IPE Group (00929.HK) saw a YoY sales growth of 19.6% in the first half of the year, with a net profit of HKD 12.688 million.
Gelonghui, August 26th- IPE Group (00929.HK) announced its interim results. For the six months ended on June 30, 2024, the sales revenue reached 0.502 billion Hong Kong dollars, compared to 0.42 billion Hong Kong dollars in the same period last year, an increase of 82.388 million Hong Kong dollars or 19.6%. After completing the acquisition of three companies last year, there has been a positive improvement in the hydraulic equipment parts business, leading to a significant increase in sales revenue. Especially in the sales revenue of hydraulic equipment parts, there was a 71.634 million Hong Kong dollars or 39.8% growth in the first half of this year. In addition, orders for auto parts business have rebounded, even though electric appliances parts in the same period.
ipe group (00929) announced its interim performance, with a net profit attributable to equity shareholders of HKD 2.378 million, turning losses into profits year-on-year.
Ipe Group (00929) announced its mid-term performance for 2024, with revenue of approximately 0.502 billion Hong Kong dollars, a year-on-year increase of 1...
Express News | Corrected-IPE Group H1 Basic EPS HKD 0.002 (Corrects Amount)
