An announcement from Kidztech Holdings Ltd. ( (HK:6918) ) is now available.
Kidztech Holdings Ltd. reported a significant revenue increase of 66.5% for the fiscal year 2024, reaching approximately RMB218.8 million. Despite this growth, the company faced a decrease in gross profit margin to 8.4% and recorded a loss of approximately RMB61.1 million, which is a 37.8% improvement from the previous year’s loss. The financial results indicate a challenging yet improving financial position, with a notable reduction in losses per share by 41.7%.
More about Kidztech Holdings Ltd.
Kidztech Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the toy industry. It focuses on the development, manufacturing, and distribution of toys, aiming to capture a significant share of the global toy market.
YTD Price Performance: -7.28%
Average Trading Volume: 3,378,904
Technical Sentiment Signal: Buy
Current Market Cap: HK$87.44M
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