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Town Ray Holdings Limited Reports Decrease in Profit for 2024

Story Highlights
  • Town Ray Holdings Limited saw a slight revenue decrease and a significant drop in gross profit.
  • The company recommended a final dividend despite a decrease in profit margins.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Town Ray Holdings Limited Reports Decrease in Profit for 2024

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Town Ray Holdings Limited ( (HK:1692) ) has provided an announcement.

Town Ray Holdings Limited reported a slight decrease in revenue and a more significant drop in gross profit for the year ended December 31, 2024. The company’s gross profit margin and net profit margin both experienced declines, with profit attributable to equity holders decreasing by approximately 11.9%. Despite these challenges, the board has recommended a final dividend of HK16.1 cents per share, pending shareholder approval.

More about Town Ray Holdings Limited

Town Ray Holdings Limited operates in the manufacturing industry, focusing on producing and distributing a range of consumer products. The company is involved in the design, development, and sale of small household appliances, catering to both domestic and international markets.

YTD Price Performance: 1.83%

Average Trading Volume: 17,310

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$998M

For detailed information about 1692 stock, go to TipRanks’ Stock Analysis page.

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