Hotung Investment Holdings Profit Plummets in H1

MT Newswires08-15

Hotung Investment Holdings (SGX:BLS) recorded profit attributable to owners of NT$2.3 million for the six months ended June 30, lower than NT$173.7 million for the first half of last year, a Wednesday filing with the Singapore Exchange said.

The company saw earnings of NT$0.02 per share for the reporting period, lower than the earnings of NT$1.83 per share for the period a year ago.

The company's revenue dropped to NT$91.4 million for the first half of this year from NT$334.2 million from the year-ago period.

The company's shares were nearly 3% down on Thursday's close.

Price (SGD): S$1.38, Change: S$-0.04, Percent Change: -2.82%

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