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Multifield International Holdings Limited Reports Increased Annual Profit Despite Exchange Losses

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Multifield International Holdings Limited Reports Increased Annual Profit Despite Exchange Losses

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An update from Multifield International Holdings Limited ( (HK:0898) ) is now available.

Multifield International Holdings Limited reported its annual financial results for the year ended December 31, 2024, showing a slight increase in revenue to HK$285,848,000 from HK$283,671,000 in 2023. The company’s profit for the year rose significantly to HK$283,923,000 from HK$248,907,000, driven by substantial fair value changes on financial assets. However, the total comprehensive income for the year decreased due to significant exchange losses on foreign operations, impacting the overall financial performance.

More about Multifield International Holdings Limited

Multifield International Holdings Limited is a company incorporated in Bermuda, operating with limited liability. The company is listed on the Hong Kong Stock Exchange under the stock code 898.

YTD Price Performance: 8.99%

Average Trading Volume: 29,529

Technical Sentiment Signal: Sell

Current Market Cap: HK$811M

For a thorough assessment of 0898 stock, go to TipRanks’ Stock Analysis page.

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