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LET Group Holdings Reports 2024 Annual Results with Revenue Growth but Lower Profits

Story Highlights
  • LET Group Holdings reported a 12% increase in revenue and a 36% rise in gross profit for 2024.
  • Despite revenue growth, profit attributable to equity holders decreased significantly, with a continued suspension of trading.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
LET Group Holdings Reports 2024 Annual Results with Revenue Growth but Lower Profits

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Suncity Group Holdings ( (HK:1383) ) has shared an announcement.

LET Group Holdings Limited, a company incorporated in the Cayman Islands, announced its annual results for the year ended December 31, 2024. The company reported a 12% increase in total revenue from continuing operations, reaching approximately HK$414.5 million, and a 36% rise in gross profit to approximately HK$239.8 million. However, the profit attributable to equity holders significantly decreased to approximately HK$54.7 million from HK$278.5 million in the previous year, and the basic loss per share was HK3.10 cents. The announcement also noted a continued suspension of trading, which could impact the company’s market positioning and stakeholder confidence.

More about Suncity Group Holdings

Current Market Cap: HK$298.3M

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