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Sincere Co. Ltd. Reports Decreased Revenue and Continued Losses for 2024

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Sincere Co. Ltd. Reports Decreased Revenue and Continued Losses for 2024

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Sincere Co. Ltd. ( (HK:0244) ) has shared an update.

The Sincere Company, Limited announced its audited consolidated results for the year ended 31 December 2024, reporting a decrease in revenue to HK$131,289,000 from HK$146,147,000 in 2023. Despite a reduction in losses compared to the previous year, the company still faced a loss of HK$38,978,000, highlighting ongoing financial challenges and the need for strategic adjustments to improve profitability.

More about Sincere Co. Ltd.

The Sincere Company, Limited is a company incorporated in Hong Kong with limited liability, operating in the retail industry. It focuses on providing a range of consumer goods and services, with a market presence in Hong Kong.

YTD Price Performance: 5.00%

Average Trading Volume: 474,686

Technical Sentiment Signal: Buy

Current Market Cap: HK$303.5M

Learn more about 0244 stock on TipRanks’ Stock Analysis page.

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