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Innovax Holdings Reports Revenue Surge but Faces Annual Loss

Story Highlights
  • Innovax Holdings Limited operates in financial services, offering advisory and asset management.
  • The company saw revenue rise to HK$167.7 million but reported a loss of HK$35.3 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Innovax Holdings Reports Revenue Surge but Faces Annual Loss

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Innovax Holdings Limited ( (HK:2680) ) just unveiled an announcement.

Innovax Holdings Limited reported its annual financial results for the year ended 28 February 2025, showing a significant increase in total revenue to HK$167.7 million from HK$32.7 million in the previous year. Despite the revenue growth, the company faced a comprehensive loss of HK$35.3 million, a stark contrast to the profit of HK$1.8 million reported in 2024, indicating challenges in managing operating expenses and other losses.

More about Innovax Holdings Limited

Innovax Holdings Limited, incorporated in the Cayman Islands, operates in the financial services industry. The company provides corporate finance advisory, placing and underwriting, securities dealing and brokerage, asset management, and money lending services.

Average Trading Volume: 42,244

Technical Sentiment Signal: Hold

Current Market Cap: HK$102.6M

For detailed information about 2680 stock, go to TipRanks’ Stock Analysis page.

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