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G-Resources Group ( (HK:1051) ) has shared an update.
G-Resources Group Limited, listed on the Hong Kong Stock Exchange, announced a significant increase in net profit for the year ending December 31, 2024. The anticipated net profit of approximately USD47 million marks a substantial rise from the USD7 million recorded in 2023, primarily due to a USD106 million turnaround in the fair value of financial assets and investments. However, this was partially offset by a USD51 million decrease in revenue from financial products and a USD7 million impairment loss on goodwill. The company is finalizing its annual results, which are expected to be released by March 2025.
More about G-Resources Group
YTD Price Performance: 32.56%
Average Trading Volume: 633
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $228.5M
Learn more about 1051 stock on TipRanks’ Stock Analysis page.