Chanjet Information Technology First Half 2024 Earnings: CN¥0.031 loss per share (vs CN¥0.057 profit in 1H 2023)

Chanjet Information Technology (HKG:1588) First Half 2024 Results

Key Financial Results

• Revenue: CN¥452.9m (up 21% from 1H 2023).
• Net loss: CN¥9.88m (down by 155% from CN¥18.1m profit in 1H 2023).
• CN¥0.031 loss per share (down from CN¥0.057 profit in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chanjet Information Technology Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 11% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Chanjet Information Technology's balance sheet health.

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