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Precious Dragon Technology Reports Revenue Growth Amid Profit Decline

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Precious Dragon Technology Reports Revenue Growth Amid Profit Decline

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An announcement from Precious Dragon Technology Holdings Ltd. ( (HK:1861) ) is now available.

Precious Dragon Technology Holdings Ltd. announced its financial results for the year ending December 31, 2024, reporting a revenue increase to HK$612,967,000 from HK$557,221,000 in 2023. Despite the revenue growth, the company experienced a decline in profit before tax to HK$50,255,000 from HK$72,727,000, attributed to higher selling and distribution expenses and impairment losses on financial assets. The overall comprehensive income for the year also decreased, reflecting challenges in foreign operations. The results indicate a need for strategic adjustments to improve profitability and address operational challenges.

More about Precious Dragon Technology Holdings Ltd.

Precious Dragon Technology Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the technology sector. The company focuses on providing innovative technology solutions and services, catering to a diverse market with a strong emphasis on research and development.

YTD Price Performance: -20.0%

Average Trading Volume: 42,102

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$222.2M

For a thorough assessment of 1861 stock, go to TipRanks’ Stock Analysis page.

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