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VPower Group International's H1 Attributable Loss Narrows
VPower Group Announces Board Composition Update
Vpower Group (01608.HK): Gao Zhan will be appointed as an executive director and chairman of the board of directors.
On August 15, Geelong News reported that vpower group (01608.HK) announced the following changes, effective August 16, 2024: 1. Kang Hubiao will resign as executive director of the company and no longer serve as chairman of the board of directors and chairman of the nomination committee; 2. Gao Zhan will be appointed as executive director of the company, chairman of the board of directors and chairman of the nomination committee.
Express News | VPower Group International - Gao Zhan Will Be Appointed as Executive Director, Chairman
Express News | VPower Group International - Kang Hubiao Will Resign as an Executive Director and Cease to Be Chairman
vpower group's (01608.HK) interim earnings decreased by 18.2% to HKD 0.817 billion.
Vpower Group (01608.HK) announced on August 15 that its revenue for the six-month interim period ended June 30, 2024 decreased 18.2% to HKD 0.817 billion. Among them, the revenue of the SI business was HKD 0.345 billion, a decrease of 41.5%, and the revenue of the IBO business was HKD 0.471 billion, an increase of 15.6%. Gross profit increased by 3.1% to HKD 0.14 billion, and gross margin was 17.2%. The attributable loss of the company's owner decreased by 57.7% to HKD 0.139 billion, mainly due to the reduction in administrative and other expenses and no joint ventures in Myanmar during the reporting period.
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