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NONGFU SPRING (09633.HK) Plunges 7%; 1H24 Packaged Drinking Water Rev. Falls 18.3%
Recommend 5 Positive 13 Negative 14 |
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NONGFU SPRING (09633.HK) opened down 0.17% today and soon intensified its plunge, bottoming at $28.05. It last printed at $28.1, crumpling 6.95%, with a volume of 737,900 shares and a turnover of $21.0502 million. NONGFU SPRING's 1H24 profit increased 8% to RMB6.24 billion, while revenue elevated 8.4% to RMB22.173 billion. No interim dividend was declared. Revenue from packaged drinking water products slumped 18.3% to RMB8.531 billion in the first half of the year. Overall gross profit margin dipped 1.4 ppts to 58.8%, due to the launch of new purified water products for promotion, higher fixed cost apportionment as a result of the decline in the sales volume of packaged drinking water products, as well as the increase in prices of raw materials for fruit juices. AAStocks Financial News |
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