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Wong’s Kong King International Reports Increased Losses in 2024

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Wong’s Kong King International Reports Increased Losses in 2024

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Wong’s Kong King International (Holdings) Limited ( (HK:0532) ) has shared an update.

Wong’s Kong King International (Holdings) Limited reported its annual financial results for the year ended December 31, 2024, showing a decline in revenue from HK$3,652,218,000 in 2023 to HK$3,446,033,000 in 2024. The company experienced a significant increase in its net loss, which rose to HK$177,985,000 from HK$108,756,000 the previous year. This financial performance reflects challenges in managing costs and maintaining profitability, impacting the company’s operations and potentially affecting its stakeholders.

More about Wong’s Kong King International (Holdings) Limited

Wong’s Kong King International (Holdings) Limited is a company incorporated in Bermuda with limited liability. It operates in the manufacturing and distribution industry, focusing on electronic components and equipment. The company serves various markets with a range of products and services, positioning itself as a key player in the electronics sector.

YTD Price Performance: -21.33%

Average Trading Volume: 262,653

Technical Sentiment Signal: Buy

Current Market Cap: HK$170.1M

See more insights into 0532 stock on TipRanks’ Stock Analysis page.

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