According to the announcement, Latitude (02477) released its interim performance for the six months ended June 30, 2024. The group reported a profit of 0.106 billion yuan (RMB, same below), a decrease of 6.8% compared to the same period last year. Shareholders' attributable net profit was 10.721 million yuan, a decrease of 26.86% compared to the same period last year. Basic earnings per share were 2.18 cents.

The announcement stated that revenue from wireless telecommunication network optimization services decreased by approximately 1.3 million yuan or approximately 3.1% from approximately 42.4 million yuan for the six months ended June 30, 2023 to approximately 41.1 million yuan for the six months ended June 30, 2024. This decrease was mainly due to intense competition and saturation in the domestic market, resulting in a decrease in revenue generated from its major clients for the six months ended June 30, 2024.