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Bloks Group Limited Reports Significant Revenue Growth but Increased Losses for 2024

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Bloks Group Limited Reports Significant Revenue Growth but Increased Losses for 2024

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An update from Bloks Group Limited ( (HK:0325) ) is now available.

Bloks Group Limited announced its annual results for the year ended December 31, 2024, showing a substantial increase in revenue by 155.6% to RMB 2,240,929 thousand compared to the previous year. Despite the revenue growth, the company reported a significant loss for the year, which increased by 91.8% to RMB 398,044 thousand. However, the adjusted profit, a non-IFRS measure, showed a remarkable increase of 702.1%, indicating potential operational improvements or strategic adjustments that could impact future profitability.

More about Bloks Group Limited

Bloks Group Limited is a company incorporated in the Cayman Islands with limited liability. It operates in an industry that involves significant financial transactions, as indicated by its listing on the Hong Kong Stock Exchange.

YTD Price Performance: 44.35%

Average Trading Volume: 1,430,414

Current Market Cap: HK$31.18B

See more insights into 0325 stock on TipRanks’ Stock Analysis page.

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