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CM Energy Tech Reports 2024 Annual Results with Increased Gross Profit Margin

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CM Energy Tech Reports 2024 Annual Results with Increased Gross Profit Margin

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CMIC Ocean En-Tech Holding Co ( (HK:0206) ) just unveiled an update.

CM Energy Tech Co., Ltd., incorporated in the Cayman Islands, announced its annual results for the year ended December 31, 2024. The company reported a revenue of approximately US$166.8 million, marking an 8.0% decrease from the previous year. Despite the drop in revenue, the gross profit increased by 1.2% to US$41.5 million, with the gross profit margin rising to 24.9%. Profit attributable to owners decreased slightly by 3.6% to US$9.2 million. The Board proposed a final dividend of HK$0.01 per share.

More about CMIC Ocean En-Tech Holding Co

YTD Price Performance: 19.05%

Average Trading Volume: 680,163

Technical Sentiment Signal: Sell

Current Market Cap: HK$805.6M

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