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Binhai Investment Co ( (HK:2886) ) has shared an update.
Binhai Investment Co has reported its financial results for the year ended December 31, 2024, showing a decline in key financial metrics. The company’s revenue decreased by 3% to HK$6,197,801,000, and its gross profit fell by 24% to HK$569,477,000. Profit for the year attributable to owners of the company dropped by 22% to HK$199,775,000, with basic earnings per share declining by 23% to 14.6 HK cents. The results indicate a challenging year for the company, with reduced profitability and a decrease in both total assets and liabilities, suggesting a contraction in business operations. Despite these challenges, the company’s financial position remains relatively stable with a slight decrease in total equity.
More about Binhai Investment Co
YTD Price Performance: 4.35%
Average Trading Volume: 546,954
Current Market Cap: HK$1.62B
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