Hong Kong Economic Times Doubles Annual Profit

Hong Kong Economic Times Holdings (HK:0423) has released an update.

Hong Kong Economic Times Holdings Limited reported a notable increase in annual profits, with the year ended 31 March 2024 seeing a profit of HK$54,972,000, doubling from the previous year’s HK$28,677,000. This financial leap was bolstered by gains from property disposals and a net finance income, despite a drop in revenue and higher costs of sales compared to the previous year. The earnings per share also saw a significant rise to 12.56 HK cents, up from 6.36 HK cents.

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