Herald Holdings Reports Significant Annual Loss

Herald Holdings Limited (HK:0114) has released an update.

Herald Holdings Limited reported a significant downturn in their 2024 annual results, with the company experiencing a loss of HK$14.783 million compared to a profit of HK$82.288 million the previous year. The revenue almost halved from HK$1.262 billion in 2023 to HK$711 million in 2024, and the loss per share stood at 2.38 HK cents, a stark contrast to the earnings of 13.62 HK cents per share in 2023. The results reflect challenges faced by the company, leading to a decrease in gross profits and a swing to operational losses.

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