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CNQC International Holdings Limited ( (HK:1240) ) has shared an update.
CNQC International Holdings Limited reported its consolidated financial results for the year ending December 31, 2024, showing a significant turnaround with a profit of HK$43.39 million compared to a loss of HK$371.25 million in the previous year. The company experienced a substantial increase in gross profit and operating profit, despite a decrease in revenue, indicating improved cost management and operational efficiency. However, the total comprehensive expense for the year was HK$44.08 million, reflecting exchange differences and reclassification of reserves, which may impact stakeholders’ perceptions of the company’s financial health.
More about CNQC International Holdings Limited
CNQC International Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in construction and property development. The company operates through its subsidiaries, focusing on delivering residential and commercial projects, with a market presence in Hong Kong and other regions.
YTD Price Performance: -16.91%
Average Trading Volume: 204,659
Technical Sentiment Signal: Buy
Current Market Cap: HK$282.6M
See more data about 1240 stock on TipRanks’ Stock Analysis page.