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China Netcom Reports Improved Revenue and Reduced Losses for 2024

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China Netcom Reports Improved Revenue and Reduced Losses for 2024

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51 Credit Card Inc. ( (HK:2051) ) has issued an update.

51 Credit Card Inc.’s subsidiary, China Netcom Technology Holdings Limited, reported its annual financial results for the year ending December 31, 2024. The company saw an increase in consolidated revenue from continuing operations to approximately HK$26,918,000, up from HK$16,231,000 in 2023. However, it also reported a consolidated loss from continuing and discontinued operations of approximately HK$7,598,000, a decrease from the previous year’s loss of HK$10,108,000. The basic and diluted loss per share improved to HK0.16 cent from HK0.22 cent in 2023. These results indicate an improvement in revenue and a reduction in losses, which may positively impact the company’s market positioning and stakeholder confidence.

More about 51 Credit Card Inc.

YTD Price Performance: 40.0%

Technical Sentiment Signal: Sell

Current Market Cap: €47.77M

For an in-depth examination of 2051 stock, go to TipRanks’ Stock Analysis page.

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