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Cathay Media and Education Group Inc. ( (HK:1981) ) has provided an update.
Cathay Group Holdings Inc. reported its annual results for the year ended December 31, 2024, showing a revenue increase of 3.1% to RMB 782,359,000. The company experienced a significant turnaround with a profit of RMB 116,911,000 compared to a loss in the previous year, driven by a 13.2% revenue increase in higher education and vocational education. The company also announced a final and special dividend for the year. The name change to Cathay Group Holdings Inc. reflects its strategic business plan and future development direction, aiming to enhance its corporate image.
More about Cathay Media and Education Group Inc.
Cathay Group Holdings Inc., formerly known as Cathay Media and Education Group Inc., is an investment holding company primarily engaged in higher education (media and arts) and vocational education, as well as entertainment and livestreaming e-commerce in China. The company operates the Communication University of China, Nanjing, which is a leading institution among media and arts private universities in China.
YTD Price Performance: 37.40%
Average Trading Volume: 3,369,400
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.8B
See more data about 1981 stock on TipRanks’ Stock Analysis page.