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Heng Hup Holdings Ltd. ( (HK:1891) ) just unveiled an announcement.
Heng Hup Holdings Limited reported a significant financial performance for the year ended December 31, 2024, with a 26.7% increase in revenue and a 63.4% rise in gross profit compared to the previous year. The company’s profit attributable to owners surged by 198.1%, highlighting robust growth and improved operational efficiency. Despite these gains, the Board decided not to recommend a final dividend for the year. This financial outcome underscores Heng Hup’s strengthened position in the recycling industry, potentially enhancing its appeal to investors and stakeholders.
More about Heng Hup Holdings Ltd.
Heng Hup Holdings Limited operates in the recycling industry, focusing on the collection and trading of scrap materials. The company is primarily involved in the recycling of ferrous and non-ferrous metals, serving a market that demands sustainable and environmentally friendly waste management solutions.
YTD Price Performance: -31.67%
Average Trading Volume: 1,068,326
Technical Sentiment Signal: Buy
Current Market Cap: HK$118M
See more insights into 1891 stock on TipRanks’ Stock Analysis page.