Solartech International Holdings Limited ( (HK:1166) ) has issued an update.
Solartech International Holdings Limited reported its unaudited interim results for the six months ending December 31, 2024, revealing a significant decrease in turnover from HK$567.6 million in 2023 to HK$299.7 million in 2024. Despite a gross profit increase to HK$25.6 million, the company faced a loss of HK$26.6 million, attributed to factors such as a decline in the fair value of investment properties and increased general and administrative expenses. The total comprehensive income for the period also showed a decline, with a loss of HK$33.3 million compared to a loss of HK$22.4 million in the previous year, indicating ongoing financial challenges.
More about Solartech International Holdings Limited
Solartech International Holdings Limited operates in the manufacturing industry, focusing on the production and distribution of cables and wires. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -20.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €5.47M
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