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IPE GROUP: 2024 Interim report
IPE Group Limited Reports Increased Profits Amid Challenges
Ipe Group (00929.HK) sales in the first half of the year increased by 19.6% year-on-year, with a net profit of 12.688 million Hong Kong dollars.
Ipe Group (00929.HK) announced its interim performance on August 26th. For the six months ended June 30, 2024, the sales amounted to 0.502 billion Hong Kong dollars, an increase of 82.388 million Hong Kong dollars or 19.6% compared to the same period last year. After completing three mergers and acquisitions last year, the hydraulic equipment parts business brought positive improvements, resulting in a significant rebound in sales. Particularly, the sales of hydraulic equipment parts increased by 71.634 million Hong Kong dollars or 39.8% in the first half of this year. In addition, the orders for auto parts business have rebounded, even though the sales of electronic equipment parts showed a decrease during the same period.
Ipe Group (00929) announced its interim performance. The attributable net profit to equity shareholders was HKD 2.378 million, a turnaround from a loss in the same period last year.
ipe group (00929) announced its mid-term performance in 2024, with revenue of approximately 0.502 billion Hong Kong dollars, a year-on-year increase of 1...
《Performance》IPE Group (00929.HK) turned losses into profits in the first half of the year, earning 2.378 million yuan.
ipe group (00929.HK) announced its interim performance as of the end of June this year, with revenue of 0.502 billion yuan, an increase of 19.6% compared to the same period last year. It turned a loss into a profit, earning 2.378 million yuan, compared to a loss of 1.249 million yuan in the same period last year; earnings per share were 0.2 cents. No dividend will be distributed.
IPE GROUP: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024