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Tomson Group Limited Reports Increased Profit Despite Revenue Decline

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Tomson Group Limited Reports Increased Profit Despite Revenue Decline

Elevate Your Investing Strategy:

Tomson Group Limited ( (HK:0258) ) has shared an announcement.

Tomson Group Limited reported its annual results for the year ending December 31, 2024, showing a significant increase in profit compared to the previous year. The company achieved a profit of HK$174.5 million, up from HK$45 million in 2023, despite a decrease in revenue. This improvement was driven by gains from forfeiture of deposits and a positive change in the fair value of investment properties. However, the company faced a comprehensive expense due to exchange differences and changes in the value of equity instruments, resulting in a total comprehensive expense of HK$219.8 million.

More about Tomson Group Limited

Tomson Group Limited is a company incorporated in the Cayman Islands, operating in the financial sector. It is listed on the Hong Kong Stock Exchange and engages in various financial activities, including investments and property management.

YTD Price Performance: -2.74%

Average Trading Volume: 2,783,474

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.15B

For an in-depth examination of 0258 stock, go to TipRanks’ Stock Analysis page.

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