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Shin Hwa World Limited Reports 2024 Annual Results with Increased Revenue but Continued Losses

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Shin Hwa World Limited Reports 2024 Annual Results with Increased Revenue but Continued Losses

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Shin Hwa World Limited ( (HK:0582) ) has issued an announcement.

Shin Hwa World Limited announced its annual results for the year ended December 31, 2024, reporting a revenue increase to HK$1,074,248,000 from HK$1,036,268,000 in 2023. Despite the revenue growth, the company faced a net loss of HK$494,142,000, which is a slight improvement from the previous year’s loss of HK$522,439,000. The results reflect challenges in managing operating expenses and finance costs, impacting the company’s profitability and market positioning.

More about Shin Hwa World Limited

Shin Hwa World Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in industries related to gaming and property investment, focusing on offering gaming services and managing investment properties.

YTD Price Performance: -23.50%

Average Trading Volume: 331,735

Technical Sentiment Signal: Buy

Current Market Cap: HK$232.8M

Learn more about 0582 stock on TipRanks’ Stock Analysis page.

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