Chia Tai Enterprises International's (HKG:3839) Promising Earnings May Rest On Soft Foundations

Simply Wall StSep 20 18:15 ET

CT ENTERPRISE: Interim Report 2024

HKEXSep 13 05:16 ET · Announcements

CT Enterprise (03839.HK) Mid-term revenue increased by 30.4% to 0.108 billion US dollars.

CT Enterprise (03839.HK) announced on August 9 that for the six months ending June 30, 2024, the group's revenue increased by 30.4% to USD 0.17 billion. However, the overall gross margin decreased from 20.0% in the first half of 2023 to 16.7% in the first half of 2024, mainly due to an increase in low-profit margin trading business. In the first half of 2024, the company's shareholders should have a net profit of USD 1.96 million, a decrease of 3.2% compared to USD 2.03 million in the first half of 2023.

Gelonghui FinanceAug 9 07:54 ET

Express News | Chia Tai Enterprises International H1 Gross Margin 16.7%

ReutersAug 9 07:51 ET

Express News | Chia Tai Enterprises International H1 Net Income Attributable USD 1.96 Million

ReutersAug 9 07:51 ET

Express News | Chia Tai Enterprises International H1 Basic EPS USD 0.008

ReutersAug 9 07:51 ET