WH Group Limited: Profits Surge despite Sales Dip
Company Announcements

WH Group Limited: Profits Surge despite Sales Dip

WH Group Limited (HK:0288) has released an update.

WH Group Limited reported a decline in sales volumes for packaged meats and pork by 6% and 10% respectively in the first half of 2024, alongside a 6.3% drop in revenue. However, the company saw a substantial increase in operating profit by 78.4% and an 81.2% rise in profit attributable to owners, before biological fair value adjustments. These results reveal a strong profit growth despite reduced sales, indicating operational efficiency and market resilience.

For further insights into HK:0288 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskWH Group Limited Sets Date for Financial Review
TipRanks HongKong Auto-Generated NewsdeskWH Group Subsidiary Faces Declining Sales and Profit
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