tiprankstipranks
Trending News
More News >

Tongda Hong Tai Holdings Reports Revenue Decline and Reduced Loss for 2024

Story Highlights
Tongda Hong Tai Holdings Reports Revenue Decline and Reduced Loss for 2024

Don’t Miss TipRanks’ Half-Year Sale

Tongda Hong Tai Holdings Ltd ( (HK:2363) ) has issued an announcement.

Tongda Hong Tai Holdings Ltd reported a revenue decrease of approximately 21.6% for the year ended December 31, 2024, with total revenue at HK$71.6 million compared to HK$91.3 million in 2023. Despite the revenue decline, the company’s net loss reduced to HK$25.7 million from HK$37.8 million in the previous year, indicating some improvement in financial management. However, the company did not declare any dividend for the year, reflecting ongoing financial challenges.

More about Tongda Hong Tai Holdings Ltd

Tongda Hong Tai Holdings Ltd is a company incorporated in the Cayman Islands, operating within a specific industry sector, though the exact industry and market focus are not detailed in the provided text.

YTD Price Performance: -31.58%

Average Trading Volume: 53,991

Technical Sentiment Signal: Buy

Current Market Cap: HK$53.1M

Find detailed analytics on 2363 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
1