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Easyknit International Reports Increased Revenue but Faces Financial Challenges

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Easyknit International Reports Increased Revenue but Faces Financial Challenges

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An announcement from Easyknit International Holdings Ltd ( (HK:1218) ) is now available.

Easyknit International Holdings Ltd reported its annual results for the year ended March 31, 2025, showing a significant increase in revenue from continuing operations by 148.7% to HK$488,489,000. Despite this, the company faced a gross loss of HK$17,052,000 and a substantial loss from discontinued operations, resulting in a basic loss per share of HK$9.71. The company’s total assets and net asset value saw a significant decline, impacting its financial stability and market positioning.

More about Easyknit International Holdings Ltd

Easyknit International Holdings Ltd, incorporated in Bermuda, operates in the real estate industry. The company primarily focuses on the sale of properties, rental income, loan financing, and building management services.

Average Trading Volume: 51,756

Technical Sentiment Signal: Sell

Current Market Cap: HK$165M

See more insights into 1218 stock on TipRanks’ Stock Analysis page.

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