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Kingland Group Holdings Limited ( (HK:1751) ) has issued an update.
Kingland Group Holdings Limited has announced its audited consolidated results for the financial year ended December 31, 2024. The company reported a decrease in revenue from HK$121,186,000 in 2023 to HK$97,127,000 in 2024, while gross profit increased from HK$29,460,000 to HK$31,901,000. Despite the increase in gross profit, the company’s profit before income tax fell from HK$1,318,000 in 2023 to HK$495,000 in 2024. The financial results indicate a challenging year with reduced revenue but improved gross profit margins, reflecting effective cost management. The company’s financial position shows a decrease in total assets from HK$71,463,000 in 2023 to HK$61,907,000 in 2024, with total equity slightly increasing from HK$23,385,000 to HK$23,880,000.
More about Kingland Group Holdings Limited
YTD Price Performance: 7.32%
Average Trading Volume: 846,470
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$106.4M
Find detailed analytics on 1751 stock on TipRanks’ Stock Analysis page.