China Wood International (01822.HK) announced on August 23 that in mid-2024, the group recorded a revenue of approximately HKD 175,100,000, an increase of approximately 71% YoY. This increase was mainly due to the increase in the turnover of the wood-related business from approximately HKD 96,900,000 in the same period last year to approximately HKD 170,300,000 during the reporting period. The gross margin decreased from 21.6% in the same period last year to 8.9% during the reporting period, due to the downward pressure on the gross margin caused by the overall slowdown in the wood-related business market.
中木国际(01822.HK)中期收益增加约71% 毛利率大幅减少
China Wood International (01822.HK) has seen a approximately 71% increase in mid-term earnings, with a significant decrease in gross margin.
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