Luen Thai Holdings Limited ( (HK:0311) ) just unveiled an announcement.
Luen Thai Holdings Limited reported its financial results for the year ended December 31, 2024, revealing a decline in revenue to US$674.4 million from US$696.6 million in 2023. The company faced an operating loss of US$14.2 million compared to a profit of US$6.3 million the previous year, and a significant increase in the loss attributable to owners, amounting to US$33.9 million. This financial downturn reflects challenges in the company’s operational efficiency and market conditions, impacting its profitability and stakeholder interests.
More about Luen Thai Holdings Limited
Luen Thai Holdings Limited is a company incorporated in the Cayman Islands, operating in the manufacturing sector with a focus on producing apparel and related products. It is listed on the Hong Kong Stock Exchange and serves a global market.
YTD Price Performance: 40.0%
Average Trading Volume: 160,000
Technical Sentiment Signal: Buy
Current Market Cap: €19.71M
Find detailed analytics on 0311 stock on TipRanks’ Stock Analysis page.