Lisi Group (Holdings) Limited (HK:0526) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Lisi Group (Holdings) Limited reported a significant decline in profit for the six months ended September 2024, with a net loss of RMB 26,234,000 compared to a profit of RMB 293,191,000 in the same period last year. The downturn was primarily due to substantial valuation losses on investment properties and increased impairment losses on assets. Revenue showed a modest increase, but it wasn’t enough to offset the higher costs and losses.
For further insights into HK:0526 stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- 3 Penny Stocks to Watch Now, 11/29/24
- Musk’s Tesla Gigafactories Continue to Pollute Environment, Report Says
- Amazon Plans Huge AI Spends to Stay in the Race with Big Tech
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
