Qiao Xiong International (00381) announced interim results. Profit attributable to owners of HK$17.613 million decreased by 51.63% year-on-year

According to the Zhitong Finance App, Qiao Xiong International (00381) announced its 2024 interim results, with a turnover of approximately HK$143 million, a year-on-year decrease of 6.21%; profit attributable to company owners was HK$176.13 million, a decrease of 51.63%; and profit per share was HK18.54 cents.

According to the announcement, the decrease in profit was mainly due to the reduction in the Group's share of investment losses in associated companies engaged in fruit growing business and the reduction in income from paying off financial liabilities through the issuance of common shares.