Innovax Holdings Rebounds to Profitability
Company Announcements

Innovax Holdings Rebounds to Profitability

Innovax Holdings Limited (HK:2680) has released an update.

Innovax Holdings Limited has reported a turnaround to profitability with a consolidated net profit of HK$1,775,000 for the year ended 29 February 2024, compared to a loss of HK$6,577,000 in the previous year. The earnings per share have also reflected this positive shift, with a current figure of 0.44 HK cents up from a loss of 1.64 HK cents. This financial recovery comes despite a decrease in total revenue from HK$45,535,000 to HK$32,727,000 within the same period.

For further insights into HK:2680 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App