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TENGY ENV: Interim Report 2024
TENGY ENV: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Tengy Environmental Technology Sees 115% Profit Jump in H1
Yingxi announced that Tengy Env (01527.HK) is expected to increase its net profit in the first half of the year by 115%, reaching 14.78 million RMB.
Tengy Env (01527.HK) announced a profit increase. It is expected to have a net profit of approximately 14.78 million RMB for the six months ending in June, an increase of 115.1% compared to the same period in 2023. This is mainly due to the increase in gross margin of completed projects during the period and a decrease in the raw material prices of products.
Tengy Env (01527.HK) announced a expected increase of approximately 115.14% in mid-term net profit.
Tengy Env (01527.HK) announced on August 5 that its net profit for the six months ended June 30, 2023 was approximately RMB 6,870,000, while its net profit for the six months ended June 30, 2024 is expected to increase by approximately 115.14% to about RMB 14,780,000. The board of directors believes that the main driver of this increase is due to the (i) increase in gross margin of completed projects during the period and (ii) decrease in raw material prices of the company's products.
TENGY ENV: POSITIVE PROFIT ALERT
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