APAC Resources Reports Impressive Turnaround

APAC Resources (HK:1104) has released an update.

APAC Resources Limited has reported a remarkable turnaround with a net profit of HK$363,441,000 for the year ended June 30, 2024, a significant shift from the previous year’s loss of HK$328,507,000. This positive outcome is reflected in the earnings per share, which have risen from a loss of HK$24.46 to a profit of HK$29.39. Despite some foreign exchange losses, the company’s overall comprehensive income also saw a substantial recovery.

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