Golik Holdings Limited Reports Increased Profit Despite Revenue Decline in 2024

Golik Holdings Limited ( (HK:1118) ) has issued an announcement.

Golik Holdings Limited reported its audited consolidated results for the year ending December 31, 2024, showing a decline in revenue from HK$4,145,653,000 in 2023 to HK$3,445,784,000 in 2024. Despite the drop in revenue, the company achieved a gross profit increase to HK$649,069,000, up from HK$625,238,000 the previous year, and a net profit of HK$180,433,000, indicating improved cost management and operational efficiency. The results reflect a challenging market environment but demonstrate the company’s resilience and ability to maintain profitability, which could positively impact stakeholder confidence.

More about Golik Holdings Limited

Golik Holdings Limited operates in the manufacturing and trading industry, focusing on metal products and building materials. The company serves various markets with a range of products including steel wires, steel bars, and other construction-related materials.

YTD Price Performance: -1.20%

Average Trading Volume: 32,250

Technical Sentiment Signal: Sell

Current Market Cap: HK$471M

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