Million Hope Industries Holdings Ltd. (HK:1897) has released an update.
Million Hope Industries Holdings Limited reported a 16.4% decline in revenue for the six months ending September 2024, totaling HK$271.7 million, due to thinner project margins amid fierce industry competition. Despite this, the company saw a 51.1% rise in net profit to HK$6.8 million, thanks to a significant reversal of impairment losses and no joint venture losses. However, the interim dividend was reduced to HK0.5 cents per share, compared to HK0.8 cents in the previous period.
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