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The latest update is out from Ernest Borel Holdings Ltd ( (HK:1856) ).
Ernest Borel Holdings Ltd reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s turnover decreased from HK$165.0 million in 2023 to HK$99.3 million in 2024, and its gross profit margin dropped from 52.8% to 8.7%. The company faced a loss of HK$47.9 million compared to a profit of HK$18.9 million the previous year, leading the board to decide against recommending a final dividend for 2024.
More about Ernest Borel Holdings Ltd
Ernest Borel Holdings Ltd is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and distribution of watches. The company operates in the luxury watch industry, focusing on delivering high-quality timepieces to its customers.
YTD Price Performance: -42.22%
Average Trading Volume: 588,732
Technical Sentiment Signal: Buy
Current Market Cap: HK$374.7M
See more insights into 1856 stock on TipRanks’ Stock Analysis page.