tiprankstipranks
Trending News
More News >

LH Group Limited Reports Financial Loss for 2024 Amid Revenue Decline

Story Highlights
  • LH Group Limited operates in the food and beverage industry in Hong Kong.
  • The company reported a financial loss for 2024 due to decreased revenue and increased impairments.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Protect Your Portfolio Against Market Uncertainty

LH Group Limited ( (HK:1978) ) just unveiled an update.

LH Group Limited announced its annual financial results for the year ended 31 December 2024, reporting a revenue of HK$1,056.0 million, a decrease from HK$1,276.8 million in 2023. The company faced a loss attributable to shareholders of HK$32.1 million, compared to a profit of HK$88.1 million the previous year, indicating a challenging year with increased provisions for impairment and reduced finance income impacting its financial performance.

More about LH Group Limited

LH Group Limited is a company incorporated in the Cayman Islands, operating in the food and beverage industry. The company focuses on providing dining experiences through its various restaurant brands, primarily targeting the Hong Kong market.

YTD Price Performance: -20.0%

Average Trading Volume: 291,355

Technical Sentiment Signal: Buy

Current Market Cap: HK$320M

Learn more about 1978 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App