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Hong Kong Ferry Holdings Reports Mixed Financial Results for 2024

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Hong Kong Ferry Holdings Reports Mixed Financial Results for 2024

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Hong Kong Ferry Holdings Co. Ltd. ( (HK:0050) ) just unveiled an announcement.

Hong Kong Ferry Holdings Co. Ltd. reported a 10% increase in underlying profit for the year ending December 31, 2024, reaching HK$158 million. However, due to changes in the fair value of investment properties, the consolidated profit after taxation decreased by 14% to HK$160 million compared to the previous year. Earnings per share also saw a decline from HK$0.53 in 2023 to HK$0.46 in 2024. Despite the decrease in consolidated profit, the company experienced growth in revenue and other net income, alongside a reduction in selling and marketing expenses.

More about Hong Kong Ferry Holdings Co. Ltd.

YTD Price Performance: -0.70%

Average Trading Volume: 81,504

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.52B

For an in-depth examination of 0050 stock, go to TipRanks’ Stock Analysis page.

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