Pacific Millennium Packaging Reports 2024 Financial Results with Revenue Growth but Declining Profitability

Pacific Millennium Packaging Group Corp. ( (HK:1820) ) just unveiled an announcement.

Pacific Millennium Packaging Group Corporation reported its annual financial results for the year ending December 31, 2024, showing a 6.5% increase in revenue compared to the previous year, reaching RMB 2,132,395,000. However, the company faced a significant downturn in profitability, recording a loss of RMB 19,374,000, a stark contrast to the profit of RMB 22,414,000 in 2023. The board decided not to declare a final dividend but announced a special dividend of HK$0.08 per share, to be paid in July 2025, reflecting a strategic move to maintain shareholder value despite the challenging financial performance.

More about Pacific Millennium Packaging Group Corp.

Pacific Millennium Packaging Group Corporation is a company incorporated in the Cayman Islands, focusing on the packaging industry. It provides packaging solutions and services, catering to various market needs.

YTD Price Performance: -19.35%

Average Trading Volume: 21,058

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.5B

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