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Golden Power Group Sees Revenue Growth but Reports Annual Loss

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Golden Power Group Sees Revenue Growth but Reports Annual Loss

Golden Power Group Holdings Ltd. ( (HK:3919) ) has issued an update.

Golden Power Group Holdings Ltd. reported a revenue increase of approximately 17.57% for the year ending December 31, 2024, reaching HK$317.76 million. Despite this growth, the company recorded a loss of HK$6.37 million, reduced from the previous year’s HK$10.92 million, due to higher gross profits and increased rental income. The directors decided not to recommend any dividend payment for the year.

More about Golden Power Group Holdings Ltd.

Golden Power Group Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on the production and sale of batteries and related products. The company operates within the energy sector, providing essential power solutions to various markets.

YTD Price Performance: -15.00%

Average Trading Volume: 196,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$24.3M

For a thorough assessment of 3919 stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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