E-Star Commercial Management Reports 2024 Financial Results with Revenue Growth but Profit Decline

The latest announcement is out from E-Star Commercial Management Company Limited ( (HK:6668) ).

E-Star Commercial Management Company Limited reported a slight increase in revenue for the year ending December 31, 2024, amounting to approximately RMB644.5 million, a 1.5% rise compared to the previous year. However, the company’s profit attributable to its owners decreased by 9.7% to approximately RMB154.5 million. Despite the decline in profit, the board recommended a final dividend, resulting in a total dividend payout ratio of approximately 80% for the year. This announcement reflects a stable revenue stream but highlights challenges in maintaining profitability, which may impact stakeholder confidence and necessitate strategic adjustments.

More about E-Star Commercial Management Company Limited

E-Star Commercial Management Company Limited is a company incorporated in the Cayman Islands, operating within the commercial management industry. The company focuses on providing management services and has a presence in the Hong Kong Stock Exchange under the stock code 6668.

YTD Price Performance: 11.67%

Average Trading Volume: 395,016

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.36B

For detailed information about 6668 stock, go to TipRanks’ Stock Analysis page.