Summary by Futu AI
Tongda Group (stock code: 698) announced its interim business performance for the six months ended June 30, 2024. During the period, the Group's revenue increased slightly by 0.3% to approximately HKD 298.6 million; however, the attributable net profit of the company decreased by 33.7% to approximately HKD 12.8 million. Basic earnings per share also decreased by 35.0% to HKD 0.13. The board of directors has decided not to distribute any interim dividends. During the period, the Group completed the sale of its precision components business and conducted business restructuring to improve management efficiency. In addition, the Group also carried out a series of acquisitions to expand its business scope. The Group will continue to optimize its operational structure, enhance competitiveness, and seek closer cooperation with key customers.