Beijing Health Reports Increased Revenue but Faces Significant Losses in 2024

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Beijing Health Reports Increased Revenue but Faces Significant Losses in 2024

Beijing Health (Holdings) Limited ( (HK:2389) ) has issued an update.

Beijing Health (Holdings) Limited reported its annual results for the year ending December 31, 2024, showing a revenue increase to HK$149,945,000 from HK$140,346,000 in 2023. Despite this revenue growth, the company faced a significant loss of HK$115,575,000, up from a loss of HK$61,721,000 the previous year, due to increased administrative expenses, impairment losses, and losses from joint ventures and associates. The company also reported a net other comprehensive loss of HK$21,592,000, indicating challenges in its financial performance.

More about Beijing Health (Holdings) Limited

Beijing Health (Holdings) Limited operates in the healthcare industry, focusing on providing health-related products and services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -2.50%

Average Trading Volume: 1,123,755

Technical Sentiment Signal: Sell

Current Market Cap: HK$472.6M

For a thorough assessment of 2389 stock, go to TipRanks’ Stock Analysis page.

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