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Acme International Holdings Limited ( (HK:1870) ) has provided an announcement.
Acme International Holdings Limited announced its annual results for the year ended December 31, 2024, reporting a revenue increase to HK$200,634,000 from HK$192,402,000 in 2023. However, the company’s profit for the year significantly decreased to HK$4,275,000 from HK$18,631,000 the previous year, attributed to higher administrative expenses and net losses. The gross profit margin also declined from 27.4% to 24.0%, indicating potential challenges in maintaining profitability. These results may impact the company’s operations and stakeholder confidence, highlighting the need for strategic adjustments to improve financial performance.
More about Acme International Holdings Limited
Acme International Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 1870. The company is involved in a variety of business activities, although specific industry details and primary products or services are not provided in the announcement.
YTD Price Performance: -91.03%
Average Trading Volume: 18,949,482
Technical Sentiment Signal: Buy
Current Market Cap: HK$104.2M
For an in-depth examination of 1870 stock, go to TipRanks’ Stock Analysis page.