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Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
Ye Xing Group releases interim performance results, with shareholders' attributable profit decreasing by 50.22% year-on-year to 6.638 million yuan.
Ye Xing Group (01941) has released its interim results for the six months ended June 30, 2024, with a revenue of 0.187 billion yuan, an increase of 9.45% year-on-year; the shareholder's attributable net profit is 6.638 million yuan, a decrease of 50.22% year-on-year; basic earnings per share is 1.64 cents.
YE XING GROUP: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Ye Xing Group Forecasts Profit Dip in 2024 H1
Ye Xing Group (01941.HK) is expected to have a net profit of approximately 6.7 million yuan for the interim period.
Ye Xing Group (01941.HK) announced that it expects a net profit of approximately 6.7 million yuan for the six months ending June 30, 2024, compared to approximately 13.3 million yuan in the same period last year. The decrease in expected profit is mainly due to (i) a decrease in gross profit from approximately 47.1 million yuan in the same period last year to approximately 41.1 million yuan in the reporting period, and (ii) an increase in impairment losses on trade and other receivables from approximately 3.9 million yuan in the same period last year to approximately 7.2 million yuan in the reporting period.
Express News | Ye Xing Sees Net Profit for Six Months RMB6.7 Mln
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