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XXF Group Reports Revenue Growth but Lower Profits

XXF Group Reports Revenue Growth but Lower Profits

XXF Group Holdings Ltd. (HK:2473) has released an update.

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XXF Group Holdings Ltd. has announced a preliminary revenue of over RMB 650 million for the first half of 2024, marking an increase from the previous year’s RMB 601 million. Despite this revenue growth, the company expects a decrease in profit attributable to shareholders, mainly due to non-cash expenses such as fair value changes and share-based compensation. Investors are cautioned to await the final results in mid-August before making decisions as the interim figures have not yet been audited.

For further insights into HK:2473 stock, check out TipRanks’ Stock Analysis page.

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