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PanAsialum Holdings Reports 2024 Annual Results with Stable Profit Amid Revenue Decline

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PanAsialum Holdings Reports 2024 Annual Results with Stable Profit Amid Revenue Decline

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The latest announcement is out from PanAsialum Holdings Co. Ltd. ( (HK:2078) ).

PanAsialum Holdings Co. Ltd. announced its annual results for the year ended December 31, 2024, reporting a revenue decline of 11.5% to HK$917,179,000 compared to the previous year. Despite this, the company managed to maintain a stable gross profit with a slight increase of 0.3%, while profit from continuing operations rose by 2.9%. The announcement highlights a challenging year with reduced revenue and EBITDA, yet the company achieved a modest increase in profit from continuing operations, indicating resilience in its core business amidst market pressures.

More about PanAsialum Holdings Co. Ltd.

PanAsialum Holdings Co. Ltd. is a company incorporated in the Cayman Islands, focusing on manufacturing and supplying aluminum products. The company operates within the aluminum industry, providing a range of products that cater to various market needs.

YTD Price Performance: 46.00%

Average Trading Volume: 122,781

Technical Sentiment Signal: Sell

Current Market Cap: HK$175.1M

For detailed information about 2078 stock, go to TipRanks’ Stock Analysis page.

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