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Jiu Rong Holdings Reports Revenue Growth Amid Financial Challenges

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Jiu Rong Holdings Reports Revenue Growth Amid Financial Challenges

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Jiu Rong Holdings Limited ( (HK:2358) ) has issued an update.

Jiu Rong Holdings Limited has announced its unaudited interim results for the twelve months ending December 31, 2024, reporting a significant increase in revenue from HK$471,779,000 in 2023 to HK$786,941,000 in 2024. Despite the revenue growth, the company experienced a net loss of HK$45,448,000, an improvement from the previous year’s loss of HK$383,293,000, attributed to various factors including increased cost of sales and other operating expenses. The announcement highlights the company’s ongoing financial challenges but also indicates a positive trend in revenue growth.

More about Jiu Rong Holdings Limited

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €8.13M

Learn more about 2358 stock on TipRanks’ Stock Analysis page.

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