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REM Group Reports Decline in 2024 Financial Performance

Story Highlights
  • REM Group’s revenue decreased from HK$166,784,000 in 2023 to HK$140,792,000 in 2024.
  • The company’s profit before taxation dropped from HK$7,983,000 to HK$1,865,000, impacting market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
REM Group Reports Decline in 2024 Financial Performance

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REM Group (Holdings) Ltd. ( (HK:1750) ) just unveiled an announcement.

REM Group (Holdings) Limited announced its audited consolidated results for the year ended 31 December 2024, reporting a decrease in revenue from HK$166,784,000 in 2023 to HK$140,792,000 in 2024. The company’s profit before taxation also fell significantly from HK$7,983,000 in 2023 to HK$1,865,000 in 2024, with a total comprehensive expense of HK$595,000 compared to an income of HK$5,284,000 the previous year. This decline in financial performance may impact the company’s market positioning and stakeholder confidence.

More about REM Group (Holdings) Ltd.

REM Group (Holdings) Limited operates in the electrical industry, focusing on the production and distribution of electrical products and services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: 60.87%

Average Trading Volume: 792,857

Technical Sentiment Signal: Sell

Current Market Cap: HK$66.6M

For detailed information about 1750 stock, go to TipRanks’ Stock Analysis page.

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