Evergreen Products Group Limited Reports 2024 Financial Results

The latest update is out from Evergreen Products Group Ltd. ( (HK:1962) ).

Evergreen Products Group Limited reported its annual financial results for the year ending December 31, 2024, showing a revenue increase of 3.8% to HK$1,016.4 million. Despite the revenue growth, the company experienced a decline in net profit by 17.6% to HK$39.7 million, attributed to higher administrative expenses and finance costs. The gross profit margin slightly improved to 24.0%, while the gearing ratio decreased marginally to 72.1%. The board recommended a final dividend of HK2.8 cents per share, contributing to a total dividend payout ratio of 95.1%. The results indicate a challenging year with increased expenses impacting profitability, though the company maintained a stable dividend payout.

More about Evergreen Products Group Ltd.

Evergreen Products Group Limited, incorporated in the Cayman Islands, operates in the consumer goods industry, focusing on the production and distribution of hair products. The company is listed on the Hong Kong Stock Exchange and aims to serve a global market with its diverse range of offerings.

YTD Price Performance: 13.33%

Average Trading Volume: 555,937

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$329.6M

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