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TENGY ENV: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Tengy Environmental Technology Sees 115% Profit Jump in H1
Tengy Env (01527.HK) announced a expected increase of approximately 115.14% in mid-term net profit.
Tengy Env (01527.HK) announced on August 5 that its net profit for the six months ended June 30, 2023 was approximately RMB 6,870,000, while its net profit for the six months ended June 30, 2024 is expected to increase by approximately 115.14% to about RMB 14,780,000. The board of directors believes that the main driver of this increase is due to the (i) increase in gross margin of completed projects during the period and (ii) decrease in raw material prices of the company's products.
Express News | Zhejiang Tengy Environmental Technology Sees Increase in Hy Gross Profit Margin of Completed Projects
Express News | Zhejiang Tengy Environmental Technology Sees Net Profit of RMB14.78 Mln for Six Months
TENGY ENV: POSITIVE PROFIT ALERT
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