tiprankstipranks
Trending News
More News >

Tai Hing Group Reports Revenue Growth and Strong Cash Position Amid Economic Challenges

Story Highlights

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

See more insights into 6811 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App