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China Lesso Reports Decline in 2024 Financial Results

Story Highlights
  • China Lesso’s revenue decreased by 12.4% to RMB27,026 million in 2024.
  • Profit for the year dropped by 29.4% to RMB1,638 million, with a dividend of HK20 cents per share recommended.
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China Lesso Reports Decline in 2024 Financial Results

China Lesso Group Holdings ( (HK:2128) ) just unveiled an announcement.

China Lesso Group Holdings Limited announced a decrease in its financial performance for the year ended December 31, 2024. The company’s revenue fell by 12.4% to RMB27,026 million, and its profit for the year dropped by 29.4% to RMB1,638 million. Despite these declines, the board recommended a final dividend of HK20 cents per share. The results reflect challenges in the market, impacting the company’s profitability and earnings per share, which decreased by 28.6%.

More about China Lesso Group Holdings

China Lesso Group Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the manufacturing and distribution of building materials and home improvement products. The company operates within the construction and infrastructure sectors, focusing on providing a wide range of products that cater to both residential and commercial markets.

YTD Price Performance: 1.44%

Average Trading Volume: 6,245,721

Technical Sentiment Signal: Buy

Current Market Cap: HK$10.84B

See more insights into 2128 stock on TipRanks’ Stock Analysis page.

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