Tai Hing Group Holdings Ltd. ( (HK:6811) ) has provided an announcement.
Tai Hing Group Holdings Ltd. reported a revenue growth of 2.5% for the year ending December 31, 2024, despite economic challenges and shifting consumer habits. The company achieved a profit attributable to owners of HK$62.7 million, with a notable rebound in the second half of the year. The Group maintained a strong cash position with HK$330.8 million in cash and cash equivalents, and no bank borrowings, ensuring sufficient funds for operations and future growth. The Board expressed confidence in the company’s future, proposing a final dividend and a special dividend in celebration of its anniversaries, reflecting a commitment to rewarding shareholders.
More about Tai Hing Group Holdings Ltd.
Tai Hing Group Holdings Ltd. operates in the food and beverage industry, primarily focusing on managing a network of restaurants and shops. The company is known for its diverse culinary offerings and has a significant presence in the Hong Kong market.
YTD Price Performance: 8.97%
Average Trading Volume: 1,657,821
Technical Sentiment Signal: Sell
Current Market Cap: HK$825.7M
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