tiprankstipranks
Trending News
More News >

TBK & Sons Holdings Reports Financial Losses Amid Revenue Decline

Story Highlights
TBK & Sons Holdings Reports Financial Losses Amid Revenue Decline

Confident Investing Starts Here:

TBK & Sons Holdings Limited ( (HK:1960) ) has shared an update.

TBK & Sons Holdings Limited reported its unaudited financial results for the six months ending December 31, 2024, showing a decrease in revenue from RM64,699,000 in 2023 to RM44,193,000 in 2024. Despite a reduction in administrative expenses and impairment losses, the company experienced a loss of RM6,800,000 for the period, compared to a loss of RM10,566,000 in the previous year. The announcement indicates ongoing financial challenges, with implications for stakeholders as the company navigates its market environment.

More about TBK & Sons Holdings Limited

TBK & Sons Holdings Limited is a company incorporated in the Cayman Islands, operating in an industry that involves the provision of services or products, although specific details about its industry focus are not provided in the announcement.

YTD Price Performance: 11.67%

Average Trading Volume: 70,333

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$134M

For detailed information about 1960 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report 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
1