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Sing Tao News Corporation Reports Increased Losses for 2024

Story Highlights
  • Sing Tao News Corporation Limited operates in the media industry, focusing on newspapers and magazines.
  • The company reported a significant increase in losses for 2024, highlighting financial challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sing Tao News Corporation Reports Increased Losses for 2024

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Sing Tao News Corporation Limited ( (HK:1105) ) just unveiled an announcement.

Sing Tao News Corporation Limited announced its financial results for the year ended December 31, 2024, reporting a decrease in revenue from HK$819,863,000 in 2023 to HK$777,164,000 in 2024. The company also experienced a higher loss before tax of HK$86,541,000 compared to HK$46,861,000 in the previous year, which reflects ongoing challenges in managing costs and generating income in a competitive media landscape.

More about Sing Tao News Corporation Limited

Sing Tao News Corporation Limited is a media company incorporated in Bermuda, primarily engaged in the publication and distribution of newspapers and magazines. It operates in the media industry with a focus on providing news and information services.

YTD Price Performance: 3.62%

Average Trading Volume: 293,717

Technical Sentiment Signal: Buy

Current Market Cap: HK$201.6M

See more insights into 1105 stock on TipRanks’ Stock Analysis page.

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