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Trio Industrial Electronics Reports Profit Turnaround and CEO Resignation

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Trio Industrial Electronics Reports Profit Turnaround and CEO Resignation

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Trio Industrial Electronics Group Limited ( (HK:1710) ) has provided an update.

Trio Industrial Electronics Group Limited announced its annual results for the year ending December 31, 2024, revealing a significant turnaround from a loss to a profit of HK$8.6 million, despite a 13.2% decrease in revenue compared to the previous year. The company also announced the resignation of its CEO and proposed changes to its share option scheme, indicating strategic shifts that may impact its future operations and stakeholder interests.

More about Trio Industrial Electronics Group Limited

Trio Industrial Electronics Group Limited operates in the electronics industry, focusing on the production and distribution of industrial electronic products. The company is based in Hong Kong and serves various market segments with its electronic solutions.

YTD Price Performance: -6.15%

Average Trading Volume: 1,539,024

Technical Sentiment Signal: Buy

Current Market Cap: HK$122M

See more data about 1710 stock on TipRanks’ Stock Analysis page.

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