tiprankstipranks
Beng Soon Reports Narrowed Losses in H1 2024
Company Announcements

Beng Soon Reports Narrowed Losses in H1 2024

Beng Soon Machinery Holdings Limited (HK:1987) has released an update.

Pick the best stocks and maximize your portfolio:

Beng Soon Machinery Holdings Limited has released its unaudited interim financial results for the first half of 2024, showcasing a reduced net loss of S$1.33 million compared to a net loss of S$2.65 million in the same period of the previous year. The company’s revenue increased to S$13.99 million, up from S$10.74 million, while gross profit also saw a significant rise. Despite these improvements, the company still experienced an operating loss, although the loss per share has decreased.

For further insights into HK:1987 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App