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Nanfang Communication Holdings Ltd. Reports Strong Financial Growth in 2024

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Nanfang Communication Holdings Ltd. Reports Strong Financial Growth in 2024

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Nanfang Communication Holdings Ltd. ( (HK:1617) ) has issued an update.

Nanfang Communication Holdings Ltd. reported a 3.0% increase in total revenue to approximately RMB538.1 million for the year ended December 31, 2024. The company’s gross profit rose significantly by 39.3% to approximately RMB98.5 million, with a gross profit margin increase of 4.8 percentage points to 18.3%. The profit attributable to the company’s owners surged to approximately RMB39.9 million, a substantial rise from the previous year’s RMB5.2 million. Despite these positive results, the board did not recommend a final dividend for the year.

More about Nanfang Communication Holdings Ltd.

Nanfang Communication Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the communication industry. The company is primarily involved in the production and distribution of communication products and services.

YTD Price Performance: 12.00%

Average Trading Volume: 1,217,255

Technical Sentiment Signal: Sell

Current Market Cap: HK$182.1M

See more insights into 1617 stock on TipRanks’ Stock Analysis page.

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