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Kai Yuan Holdings Limited ( (HK:1215) ) has issued an announcement.
Kai Yuan Holdings Limited has announced its financial results for the year ended December 31, 2024, reporting a significant improvement in profitability. The company achieved a revenue of HK$323,454,000, up from HK$293,620,000 in the previous year, and a gross profit of HK$86,690,000 compared to HK$70,493,000 in 2023. Notably, the company reversed an impairment on a convertible bond investment, contributing to a profit before tax of HK$49,087,000, a substantial increase from HK$861,000 in the previous year. The net profit for the year amounted to HK$35,848,000, a turnaround from a loss of HK$2,397,000 in 2023. This positive financial performance reflects the company’s operational improvements and strategic financial management, potentially enhancing its market position and providing positive implications for stakeholders.
More about Kai Yuan Holdings Limited
YTD Price Performance: -6.67%
Average Trading Volume: 5,948,816
Technical Sentiment Signal: Buy
Current Market Cap: HK$178.9M
For detailed information about 1215 stock, go to TipRanks’ Stock Analysis page.