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Shanghai Electric Reports Mixed 2024 Interim Results

Shanghai Electric Group Company (HK:2727) has released an update.

Shanghai Electric Group Company Limited reported a 6% decrease in total revenue for the first half of 2024, compared to the previous year, with revenues totaling RMB 49,869 million. Despite this, the company saw a slight increase in profit attributable to owners, up 2% to RMB 602 million, and a 2.6% increase in basic earnings per share. No interim dividend was recommended by the Board for this period.

For further insights into HK:2727 stock, check out TipRanks’ Stock Analysis page.

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