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Geotech Holdings Ltd. ( (HK:1707) ) has shared an announcement.
Geotech Holdings Ltd. reported its annual financial results for the year ending December 31, 2024. The company experienced a significant decline in revenue, which dropped to approximately HK$80.5 million from HK$134.6 million in 2023. Despite this, the gross profit increased to HK$5.4 million from HK$3.6 million the previous year. The loss attributable to equity holders slightly decreased to HK$15.8 million from HK$16.4 million in 2023. The financial results indicate a challenging year for Geotech Holdings, with reduced revenue but improved gross profit margins, suggesting potential operational efficiencies or cost management improvements.
More about Geotech Holdings Ltd.
YTD Price Performance: -4.67%
Average Trading Volume: 150,000
Technical Sentiment Signal: Buy
Current Market Cap: HK$171.4M
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