China Electronics Huada Technology (HKG:0085) recorded a 44% decline in attributable profit for the six months ended June 30 to HK$309.5 million from HK$552.9 million during the year-ago period, an Aug. 30 bourse filing said.
Basic earnings per share stood at HK$0.1525 during the interim period, down from HK$0.2724 in the first half of 2023.
The integrated circuit manufacturer's revenue fell by 25% to HK$1.36 billion in the half year from HK$1.81 billion a year prior.
Shares of the company closed nearly 4% lower on Monday.
Price (HKD): $1.04, Change: $-0.040, Percent Change: -3.70%
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