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Shenzhen International Holdings Reports Increased Profits Despite Revenue Decline

Story Highlights
  • Shenzhen International Holdings reported a revenue decrease but increased profits for 2024.
  • The company saw improved earnings per share, enhancing shareholder value despite challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Shenzhen International Holdings ( (HK:0152) ) has shared an announcement.

Shenzhen International Holdings Limited announced its audited consolidated results for the year ended December 31, 2024. The company reported a decrease in revenue from HK$20,523,798,000 in 2023 to HK$15,570,615,000 in 2024, but saw an increase in profit attributable to ordinary shareholders from HK$1,901,643,000 to HK$2,872,448,000. This reflects a significant improvement in earnings per share, indicating a positive impact on shareholder value despite the revenue drop. The total comprehensive income for the year was HK$1,692,294,000, up from HK$1,458,242,000 in 2023, suggesting a resilient performance amidst challenging market conditions.

More about Shenzhen International Holdings

Shenzhen International Holdings Limited is a company incorporated in Bermuda with limited liability, focusing on various business ventures including subsidiaries, joint ventures, and associates.

YTD Price Performance: 6.41%

Technical Sentiment Signal: Sell

Current Market Cap: $2.31B

See more data about 0152 stock on TipRanks’ Stock Analysis page.

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