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The latest announcement is out from Yip’s Chemical Holdings ( (HK:0408) ).
Yip’s Chemical Holdings announced its annual results for the year ended December 31, 2024, highlighting a profit increase to HK$96.9 million despite a slight decline in revenue and sales volume. The company achieved this through a robust sales strategy and stringent cost control, with improved gross profit margins in its inks and lubricants businesses. The gearing ratio remained low, providing flexibility for future investments, and the Board recommended a final dividend of HK11 cents per share.
More about Yip’s Chemical Holdings
Yip’s Chemical Holdings is a company incorporated in the Cayman Islands, primarily engaged in the production and sale of inks, industrial coatings, and lubricants. The company navigates the challenges of the property market downturn affecting its architectural coatings business.
YTD Price Performance: 1.05%
Average Trading Volume: 2,250
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $106.4M
For an in-depth examination of 0408 stock, go to TipRanks’ Stock Analysis page.
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