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Wing Fung Group Asia Limited (HKG:8526) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected
WING FUNG GROUP: INTERIM REPORT 2024
Wing Fung Group Asia announces interim results, with a profit of HKD 2.315 million, turning losses into gains compared with the same period last year.
Wing Fung Group Asia (08526) released its interim performance as of June 30, 2024, with a revenue of HKD 78.296 million, an increase of 11.74% year-on-year; a net profit of HKD 2.315 million, a turnaround from a loss of HKD 1.311 million attributable to shareholders in the same period last year, with a basic earnings per share of 1.43 Hong Kong cents.
Wing Fung Group Asia (08526) announces its interim results with a surplus of HKD 2.315 million, a turnaround from loss year-on-year.
Wing Fung Group Asia (08526) released its interim results for the period ending June 30, 2024, during which the group achieved revenue...
WING FUNG GROUP: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
Wing Fung Group Asia has announced good news regarding expected mid-term performance, which is expected to reverse its losses to a profit of approximately 2 to 3 million Hong Kong dollars year-on-year.
Wing Fung Group (08526) announced that it is expected to achieve a net profit of approximately 2 million to 3 million Hong Kong dollars in the first half of 2024, compared to a net loss of approximately 1.3 million Hong Kong dollars in the same period in 2023. The expected turnaround from loss to profit is mainly due to increased revenue and better cost control during the relevant period. The overall impact brings higher gross profit and gross margin.
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