MECOM Power & Construction Ltd. ( (HK:1183) ) has issued an announcement.
MECOM Power and Construction Limited announced its audited financial results for the year ending December 31, 2024. The company reported a slight increase in revenue to MOP 1,506,571,000 compared to the previous year, but experienced a decrease in profit to MOP 4,091,000. The aggregate value of contracts on hand yet to complete increased in both the construction and steel structures businesses, indicating a strong pipeline of future work. Despite the decrease in profit, the company maintains a solid position in its industry, with ongoing projects that could potentially enhance its market standing.
More about MECOM Power & Construction Ltd.
MECOM Power and Construction Limited, incorporated in the Cayman Islands, operates in the construction and steel structures industry. The company focuses on providing construction services and manufacturing steel structures, with a significant market presence in these sectors.
YTD Price Performance: -12.35%
Average Trading Volume: 672,290
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$593.1M
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