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The latest announcement is out from Smart Globe Holdings Ltd. ( (HK:1481) ).
Smart Globe Holdings Limited reported a significant revenue increase of 20.9% for the year ending December 31, 2024, reaching approximately HK$117.6 million. Despite this growth, the company experienced a larger net loss of approximately HK$12.0 million, attributed to a competitive pricing strategy in its printing business and increased administrative expenses due to its new supply chain management operations in Sub-Saharan Africa. The printing business saw an 11.1% revenue increase but suffered a decline in gross profit margin due to lower product pricing. Meanwhile, the newly launched supply chain management segment in Zambia contributed HK$9.5 million in revenue and a net profit of HK$0.4 million, indicating potential for future growth in this area.
More about Smart Globe Holdings Ltd.
Smart Globe Holdings Limited operates primarily in the printing industry, offering a wide range of services from pre-press to finishing and customized value-added printing products. The company is also expanding into supply chain management services in Sub-Saharan Africa, focusing on transporting raw materials and commodities.
YTD Price Performance: -20.69%
Average Trading Volume: 196,086
Technical Sentiment Signal: Buy
Current Market Cap: HK$469.2M
See more insights into 1481 stock on TipRanks’ Stock Analysis page.