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$288.HK (WH Group Ltd) WH Group Limited reported a decline in sales volumes for packaged meats and pork by 6% and 10% respectively in the first half of 2024, alongside a 6.3% drop in revenue. However, the company saw a substantial increase in operating profit by 78.4% and an 81.2% rise in profit attributable to owners, before biological fair value adjustments. These results reveal a strong profit growth despite reduced sales, indicating operational efficiency and market resilience. ๐ข
$EC (Ecopetrol SA-ADR) the company reported a 17% fall in second-quarter net profit, citing market conditions. Ecopetrolโs net profit for the three months to June 30 stood at 3.38 trillion pesos ($830.9 million). First-half net profit fell 24% to 7.39 trillion pesos, versus 9.75 trillion pesos in the first six months of 2023. During 2Q24, Ecopetrol generated revenues of COP 32.6 trillion, an EBITDA of COP 14.1 trillion, and an EBITDA margin of 43%. ๐ด
$0762.HK (China Unicom HK) Limited reported earnings results for the half year ended June 30, 2024. For the half year, the company reported sales was CNY 197,341 million compared to CNY 191,833 million a year ago. Net income was CNY 13,793 million compared to CNY 12,391 million a year ago. ๐ข
$AMCR (Amcor PLC) The company reported quarterly earnings of 21 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $3.54 billion which missed the analyst consensus estimate of $3.64 billion. ๐ข
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