tiprankstipranks
Trending News
More News >

Guan Chao Holdings Reports 2024 Financial Loss Amid Rising Costs

Story Highlights
Guan Chao Holdings Reports 2024 Financial Loss Amid Rising Costs

Don’t Miss TipRanks’ Half-Year Sale

Guan Chao Holdings Limited ( (HK:1872) ) has shared an announcement.

Guan Chao Holdings Limited announced its audited consolidated financial results for the year ending December 31, 2024, revealing a decline in profitability. The company reported a net loss of S$3,068,000 compared to a profit of S$7,743,000 in 2023, with increased general and administrative expenses contributing to the downturn. Despite a rise in revenue, the company’s financial performance was impacted by higher costs and impairments, signaling challenges in maintaining operational efficiency.

More about Guan Chao Holdings Limited

Guan Chao Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and engages in various business activities, although specific industry and product details are not provided in the announcement.

YTD Price Performance: 76.58%

Average Trading Volume: 3,034,069

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.06B

For detailed information about 1872 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1