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An update from Pan Asia Data Holdings, Inc. ( (HK:1561) ) is now available.
Pan Asia Data Holdings Inc. reported its audited financial results for the year ended December 31, 2024, revealing a significant decline in revenue from HK$563.5 million in 2023 to HK$168.8 million in 2024. The company faced a substantial loss of HK$496.4 million from continuing operations, attributed to increased impairment losses and reduced research and development expenses. The total comprehensive expense for the year was HK$496.2 million, impacting both owners and non-controlling interests. This financial downturn highlights challenges in the company’s operations and may affect its market positioning and stakeholder confidence.
More about Pan Asia Data Holdings, Inc.
Pan Asia Data Holdings Inc., incorporated in the Cayman Islands, operates in the data industry, focusing on providing data-related services and solutions.
YTD Price Performance: -39.69%
Average Trading Volume: 123,125
Technical Sentiment Signal: Buy
Current Market Cap: HK$84.17M
For a thorough assessment of 1561 stock, go to TipRanks’ Stock Analysis page.