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Allied Group Reports Significant Loss in 2024 Financial Results

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Allied Group Reports Significant Loss in 2024 Financial Results

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The latest announcement is out from Allied Group ( (HK:0373) ).

Allied Group Limited announced its audited consolidated results for the year ending December 31, 2024, reporting a significant loss of HK$712.3 million compared to a profit of HK$256.0 million in 2023. The loss is attributed to several factors, including a substantial decrease in property values and net impairment losses on financial assets, impacting the company’s financial performance and shareholder returns.

More about Allied Group

Allied Group Limited is a company incorporated in Hong Kong with limited liability, operating in the financial services sector. The company and its subsidiaries are involved in various financial activities, including brokerage, asset management, and investment services.

YTD Price Performance: 9.66%

Average Trading Volume: 213,194

Technical Sentiment Signal: Sell

Current Market Cap: HK$5.59B

Find detailed analytics on 0373 stock on TipRanks’ Stock Analysis page.

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