tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

G & M Holdings Reports Decline in Revenue and Profit for 2024

Story Highlights
  • G & M Holdings reported a decline in revenue from HK$496,631,000 in 2023 to HK$429,312,000 in 2024.
  • The company decided not to recommend the payment of a final dividend for the year 2024.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
G & M Holdings Reports Decline in Revenue and Profit for 2024

Elevate Your Investing Strategy:

G & M Holdings Ltd. ( (HK:6038) ) has provided an announcement.

G & M Holdings Limited reported its annual financial results for the year ended December 31, 2024. The company experienced a decline in revenue from HK$496,631,000 in 2023 to HK$429,312,000 in 2024. Despite the decrease in revenue, the gross profit increased from HK$106,908,000 to HK$114,456,000. However, the profit before income tax and profit for the year both saw declines, with the latter dropping from HK$56,958,000 to HK$43,190,000. The board has decided not to recommend the payment of a final dividend for the year 2024.

More about G & M Holdings Ltd.

YTD Price Performance: 10.87%

Average Trading Volume: 410,727

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$249.7M

Find detailed analytics on 6038 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1