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NVC International Holdings Ltd. ( (HK:2222) ) has issued an update.
NVC International Holdings Ltd. reported its annual results for the year ending December 31, 2024, showing a slight increase in revenue to US$236.6 million, but a significant drop in profitability, with a loss of US$15.4 million compared to a profit of US$37.7 million the previous year. The company faced increased gross profit but incurred losses due to higher impairment losses and reduced share of results from associates, leading the board to propose no final dividend for the year.
More about NVC International Holdings Ltd.
NVC International Holdings Ltd. is a company incorporated in the Cayman Islands, operating within the lighting industry. It primarily focuses on the production and distribution of lighting products and solutions.
YTD Price Performance: -10.31%
Average Trading Volume: 54,902
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$441.3M
Learn more about 2222 stock on TipRanks’ Stock Analysis page.