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Wei Yuan Holdings Limited Reports Increased Profit Despite Revenue Decline in 2024

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Wei Yuan Holdings Limited Reports Increased Profit Despite Revenue Decline in 2024

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The latest update is out from Wei Yuan Holdings Limited ( (HK:1343) ).

Wei Yuan Holdings Limited reported its consolidated audited results for the year ended December 31, 2024, showing a decrease in revenue from S$101.575 million in 2023 to S$97.003 million in 2024. Despite the decline in revenue, the company achieved a profit for the year of S$1.899 million, up from S$1.346 million in the previous year, attributable to improved cost management and reduced finance costs. The total comprehensive income for the year attributable to equity holders of the company also increased significantly, indicating a positive impact on stakeholders.

More about Wei Yuan Holdings Limited

Wei Yuan Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability and listed on the Hong Kong Stock Exchange under the stock code 1343.

YTD Price Performance: -3.75%

Average Trading Volume: 161,372

Technical Sentiment Signal: Buy

Current Market Cap: HK$81.93M

See more data about 1343 stock on TipRanks’ Stock Analysis page.

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