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Putian Communication Group Limited ( (HK:1720) ) has provided an update.
Putian Communication Group Limited announced its annual results for the year ending December 31, 2024, reporting a 7.9% increase in total revenue to RMB663.9 million and a significant 141.6% rise in profit attributable to owners to RMB18.5 million. Despite the growth in revenue and profit, the gross profit margin slightly decreased to 21.3%, and the Board did not recommend a final dividend for the year. The increase in revenue was driven by a substantial 41.7% rise in sales of optical fibers and optical fiber cables.
More about Putian Communication Group Limited
Putian Communication Group Limited, incorporated in the Cayman Islands, operates in the telecommunications industry, primarily focusing on the sale of optical fibers, optical fiber cables, data and communications cables, and structured cabling system products.
YTD Price Performance: 94.55%
Average Trading Volume: 5,366,214
Technical Sentiment Signal: Sell
Current Market Cap: HK$117.7M
See more insights into 1720 stock on TipRanks’ Stock Analysis page.
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