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Fountain Set (Holdings) Limited ( (HK:0420) ) just unveiled an update.
Fountain Set (Holdings) Limited announced a significant improvement in profitability for the year ended December 31, 2024, driven by strategic client orders, optimized production processes, and cost management. The company reported a profit before income tax of HK$77.06 million, a decrease in costs of sales by 5.37%, and a rise in gross profit margin to 12.00%. The board proposed a final dividend and a special dividend to celebrate the company’s 55th anniversary, reflecting a 100% payout ratio.
More about Fountain Set (Holdings) Limited
Fountain Set (Holdings) Limited is a company incorporated in Hong Kong, operating within the textile industry. The company focuses on the production, supply, and sales of textile products, with a strong emphasis on technical research and development to meet customer needs.
YTD Price Performance: 10.0%
Average Trading Volume: 7,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €93.94M
For detailed information about 0420 stock, go to TipRanks’ Stock Analysis page.