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Alltronics Holdings Reports Decline in 2024 Financial Results

Story Highlights
  • Alltronics Holdings saw a revenue decrease from HK$1,347,416,000 in 2023 to HK$1,066,945,000 in 2024.
  • Profit for the year declined to HK$71,702,000, impacting earnings per share to 13.34 HK cents.
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Alltronics Holdings Reports Decline in 2024 Financial Results

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Alltronics Holdings ( (HK:0833) ) has shared an announcement.

Alltronics Holdings Limited announced its final results for the year ended 31 December 2024, reporting a decrease in revenue from HK$1,347,416,000 in 2023 to HK$1,066,945,000 in 2024. Despite a reduction in costs, the company’s profit for the year also declined from HK$114,127,000 in 2023 to HK$71,702,000 in 2024, impacting earnings per share, which fell from 22.92 HK cents to 13.34 HK cents. This financial performance reflects challenges in the market, potentially affecting stakeholders’ confidence.

More about Alltronics Holdings

Alltronics Holdings Limited is a company incorporated in the Cayman Islands, operating in the electronics industry. It focuses on manufacturing and distributing electronic products and components.

YTD Price Performance: 10.23%

Average Trading Volume: 119,113

Technical Sentiment Signal: Sell

Current Market Cap: HK$229.4M

Learn more about 0833 stock on TipRanks’ Stock Analysis page.

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