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HK stock market movement | Activation gp (09919) rose more than 5%, gross margin significantly improved in the first half of the year, diversified brand strategy helped the company's stable development.
Activation GP (09919) rose more than 5%, as of the deadline, increased by 5.1%, to HK$1.03.
ACTIVATION GP: 2024 INTERIM REPORT
Activation Group's Profit Declines in H1
Activation Group (09919.HK) achieved net income of 30.2 million yuan in the first half of the year and plans to distribute an interim dividend of 2 Hong Kong cents per share.
Activation GP (09919.HK) announced that for the six months ending on June 30, 2024, the group's revenue was approximately RMB 0.316 billion (RMB 0.35 billion in mid-2023). Net income was approximately RMB 30.2 million (RMB 41 million in mid-2023). It is worth noting that the group's gross margin increased from 30.0% to 32.7%, an annual growth of 2.7 percentage points. The board of directors declared a mid-year dividend of 2.0 Hong Kong cents per share of common stock. Due to the seasonal factors affecting the group's business,
Express News | Activation Group Holdings H1 Revenue RMB 316.3 Million
Express News | Activation Group Holdings H1 Gross Margin 32.7%
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