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SEM Holdings Limited ( (HK:9929) ) has shared an update.
SEM Holdings Limited reported its audited consolidated results for the year ended December 31, 2024, showing a significant decrease in revenue from HK$258,894,000 in 2023 to HK$91,707,000 in 2024. Despite the drop in revenue, the company achieved a profit of HK$3,802,000 compared to a loss of HK$7,970,000 in the previous year, indicating improved financial performance. This turnaround is attributed to a reversal of impairment losses and a reduction in administrative expenses, which positively impacted the company’s operations and financial stability.
More about SEM Holdings Limited
SEM Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong Limited under the stock code 9929.
YTD Price Performance: 32.00%
Average Trading Volume: 1,702,666
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$132M
For detailed information about 9929 stock, go to TipRanks’ Stock Analysis page.