Pegasus International Reports 2024 Financial Results with Notable Losses

Pegasus International Holdings Limited ( (HK:0676) ) has provided an update.

Pegasus International Holdings Limited announced its audited annual results for the year ending December 31, 2024. The company reported a decrease in revenue from the previous year, with a total revenue of US$5,867,000 compared to US$6,039,000 in 2023. Despite a gross profit increase to US$3,642,000, the company faced a loss before tax of US$1,756,000, primarily due to a significant fair value decrease in investment properties and increased other expenses. The total comprehensive expense for the year attributable to the owners of the company amounted to US$1,554,000, reflecting a challenging financial year.

More about Pegasus International Holdings Limited

Pegasus International Holdings Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 676. The company and its subsidiaries are involved in various business activities, although specific industry details are not provided in the announcement.

YTD Price Performance: 2.30%

Average Trading Volume: 179,142

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$650.3M

For an in-depth examination of 0676 stock, go to TipRanks’ Stock Analysis page.