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Guangdong Adway Construction Reports Significant Revenue Decline in 2024

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Guangdong Adway Construction Reports Significant Revenue Decline in 2024

Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H ( (HK:6189) ) has issued an update.

Guangdong Adway Construction announced its annual results for the year ended December 31, 2024, reporting a significant decline in revenue and gross profit, with a 99.67% drop in revenue and a 98.89% decrease in gross profit compared to the previous year. Despite an increase in gross profit margin, the company faced a substantial loss for the year, attributed to high finance costs and net losses from other operations, impacting its financial stability and market positioning.

More about Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H

Guangdong Adway Construction (Group) Holdings Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the construction industry. The company provides construction services and is listed on the Stock Exchange of Hong Kong.

YTD Price Performance: 10.26%

Average Trading Volume: 111,642

Technical Sentiment Signal: Buy

Current Market Cap: HK$31.08M

See more insights into 6189 stock on TipRanks’ Stock Analysis page.

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