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Grand Ocean Advanced Resources Co., Ltd. ( (HK:0065) ) just unveiled an update.
Grand Ocean Advanced Resources Co., Ltd. reported its annual financial results for the year ending December 31, 2024, showing a slight decrease in revenue by 3.7% to approximately HK$180,934,000 compared to the previous year. Despite this, the company achieved an increase in gross profit by 3.5% to approximately HK$67,469,000, with a gross profit margin improvement to 37.3%. However, the company faced a significant increase in losses, with a total loss of approximately HK$63,783,000, up from HK$33,610,000 the previous year, and losses attributable to owners amounting to approximately HK$50,768,000. The board has decided not to recommend any final dividend for the year.
More about Grand Ocean Advanced Resources Co., Ltd.
Grand Ocean Advanced Resources Co., Ltd. is a company incorporated in the Cayman Islands, focusing on advanced resources. The company operates within the industry of resource management and development, providing products and services related to this sector.
Average Trading Volume: 40,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$97.19M
Learn more about 0065 stock on TipRanks’ Stock Analysis page.