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World Houseware Reports Significant Losses in 2024 Financial Results

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World Houseware Reports Significant Losses in 2024 Financial Results

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The latest update is out from World Houseware (Holdings) ( (HK:0713) ).

World Houseware (Holdings) Limited reported its audited financial results for the year ended December 31, 2024, showing a significant decline in performance compared to the previous year. The company experienced a substantial loss before taxation of HK$342,964,000, primarily due to a decrease in turnover and a significant loss from changes in the fair value of long-term assets. The total comprehensive expense for the year was HK$340,595,000, indicating a challenging year for the company and potential concerns for stakeholders regarding its financial health.

More about World Houseware (Holdings)

World Houseware (Holdings) Limited operates in the houseware industry, focusing on the production and distribution of household products. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.

Technical Sentiment Signal: Buy

Current Market Cap: $58.07M

See more insights into 0713 stock on TipRanks’ Stock Analysis page.

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