Lung Kee Group Reports Significant Reduction in Annual Loss

Lung Kee (Bermuda) Holdings Limited ( (HK:0255) ) has provided an update.

Lung Kee Group Holdings Limited has announced a substantial reduction in its net loss for the fiscal year ending December 31, 2024, expecting to report a loss of not more than HK$15 million compared to a HK$72 million loss in the previous year. This improvement is attributed to increased revenue due to a slight economic upturn and improved profit margins from increased selling prices, although the final results are pending audit and could be subject to adjustments.

More about Lung Kee (Bermuda) Holdings Limited

Lung Kee Group Holdings Limited is a company incorporated in Bermuda, operating within the industrial sector. It focuses on manufacturing and distributing mold bases and related products, serving various markets.

YTD Price Performance: 0.93%

Average Trading Volume: 52,496

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: HK$682.2M

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