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Hong Kong Stocks Looking to Close the Week With Biggest Weekly Gain in Five Months
SINOMEDIA: 2024 INTERIM REPORT
SinoMedia Reports Downturn in H1 2024 Financials
Sinomedia (00623.HK) reported a net profit attributable to shareholders of 29.879 million yuan in the first half of the year, a decrease of 30% year-on-year.
On August 26, Sinomedia (00623.HK) announced its interim performance for the first half of 2024. The company's revenue was RMB 0.333 billion, a decrease of 11% year-on-year. The operating profit was RMB 20.863 million, a decrease of 59% year-on-year. The net profit attributable to shareholders was RMB 29.879 million, a decrease of 30% year-on-year. The basic earnings per share was RMB 0.065. During the period, the revenue from television media resource operation business was RMB 0.177 billion, a decrease of 16% year-on-year. The total revenue from content operation, other integrated communication services, and other business was RMB 4373.
Sinomedia (00623.HK) recorded a half-year net profit of 298.79 million yuan, a 29.6% decrease.
Sinomedia (00623.HK) announced its interim results as of the end of June this year, with revenue of 0.333 billion RMB, a year-on-year decrease of 10.7%. Net profit was 29.879 million RMB, a year-on-year decrease of 29.6%; earnings per share were 0.065 RMB. No dividend will be paid.
SINOMEDIA: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
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