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Global Sweeteners Holdings Limited Reports Positive Turnaround in 2024 Financial Results

Story Highlights
  • Global Sweeteners Holdings Limited reported a profit of HK$66.6 million for 2024.
  • The company’s comprehensive income for 2024 was HK$121.4 million, indicating improved financial performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest update is out from Global Sweeteners Holdings Limited ( (HK:3889) ).

Global Sweeteners Holdings Limited reported its financial results for the year ended December 31, 2024, showing a significant turnaround with a profit of HK$66.6 million from continuing operations, compared to a loss in the previous year. The results were bolstered by a gain on debt restructuring and increased other income, despite rising costs and expenses. The comprehensive income for the year was HK$121.4 million, reflecting a positive shift in financial performance, which may enhance the company’s market position and stakeholder confidence.

More about Global Sweeteners Holdings Limited

Global Sweeteners Holdings Limited operates in the sweeteners industry, focusing on the production and distribution of sweetener products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Technical Sentiment Signal: Buy

Current Market Cap: €21.86M

For detailed information about 3889 stock, go to TipRanks’ Stock Analysis page.

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