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Zhongxin Fruit posts 73.7% earnings improvement to RMB2.9 mil in 1HFY2024

Bryan Wu
Bryan Wu • 1 min read
Zhongxin Fruit posts 73.7% earnings improvement to RMB2.9 mil in 1HFY2024
Shares in Zhongxin Fruit closed unchanged at 1.8 cents on Feb 2.
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Zhongxin Fruit 5(SGX:EG) has posted earnings of RMB2.9 million ($4.5 million) for its 1HFY2024 ended Dec 31, 2023, a 73.7% improvement from the RMB1.7 million reported in the same period last year.

For the half-year period, earnings per share (EPS) also improved to RMB0.27 compared to RMB0.16 in 1HFY2023.

The company recorded higher revenue of RMB58.4 million in 1HFY2024, up 10.8% y-o-y compared to its 1HFY2023 revenue of RMB52.8 million. Its cost of sales also increased 18.9% y-o-y to RMB47.7 million in 1HFY2024.

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