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Legend Upstar Holdings Reports Significant Losses for 2024

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Legend Upstar Holdings Reports Significant Losses for 2024

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Legend Upstar Holdings Limited ( (HK:0459) ) has issued an announcement.

Legend Upstar Holdings Limited has reported its audited consolidated annual results for the year ending December 31, 2024. The company experienced a significant downturn, with revenues decreasing from HK$397,073,000 in 2023 to HK$356,856,000 in 2024. The company also reported a loss of HK$26,641,000 for the year, a stark contrast to the previous year’s loss of HK$1,695,000. The decline in financial performance is attributed to factors such as a fair value loss on investment properties and increased financial costs, impacting the company’s profitability and market position.

More about Legend Upstar Holdings Limited

YTD Price Performance: -15.38%

Average Trading Volume: 406,970

Technical Sentiment Signal: Buy

Current Market Cap: HK$119.1M

See more data about 0459 stock on TipRanks’ Stock Analysis page.

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