Lap Kei Engineering Reports Revenue Growth Amid Profit Decline

Lap Kei Engineering (Holdings) Limited ( (HK:1690) ) has provided an update.

Lap Kei Engineering (Holdings) Limited announced its annual financial results for the year ending December 31, 2024, reporting a significant increase in revenue by 28.5% to HK$415.3 million compared to the previous year. Despite the revenue growth, the company’s profit attributable to owners dropped by 71.2% to HK$2.1 million, reflecting increased costs and administrative expenses. The board proposed a final dividend of HK$0.01 per share, marking a notable decision as no dividend was declared in the previous year. This announcement highlights the company’s revenue growth but also underscores challenges in maintaining profitability, impacting stakeholder expectations and future strategic decisions.

More about Lap Kei Engineering (Holdings) Limited

Lap Kei Engineering (Holdings) Limited is a company incorporated in the Cayman Islands, operating within the engineering sector. The company focuses on providing engineering services and solutions, primarily in Hong Kong.

YTD Price Performance: 5.71%

Average Trading Volume: 278,620

Technical Sentiment Signal: Buy

Current Market Cap: HK$108.4M

Find detailed analytics on 1690 stock on TipRanks’ Stock Analysis page.