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Stock impact report

Euro Tech Holdings Company Limited Reports Interim Results For The Six Months Ended June 30, 2024

Euro Tech Holdings Company Limited - Ordinary Shares (CLWT) 
Company Research Source: PR Newswire
HONG KONG, Dec. 19, 2024 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its unaudited financial results for the six months ended June 30, 2024.The Company's revenue for the six months ended June 30, 2024 ("1H 2024") were US$7,259,000, a 8.8% decrease as compared to  US$7,957,000 for the six months ended June 30, 2023 ("1H 2023"). The decrease was primarily due to decrease in revenue from engineering activities of US$545,000.Gross profit increased by 19.5% to US$1,790,000 for 1H 2024 as compared to US$1,498,000 for 1H 2023. The increase was primarily due to the increase in gross profit margin % on revenue from engineering activities.General and administrative expenses slightly decreased by US$46,000 to US$2,167,000 for 1H 2024 as compared to US$2,213,000 for 1H 2023.The Company's net income for 1H 2024 was US$44,000 as compared to net loss of US$255,000 for 1H 2023 resulting from increase in gross profit.Mr. David Leung, CEO of the company commented,"I Show less Read more
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