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Leeport (Holdings) Limited ( (HK:0387) ) has provided an announcement.
Leeport (Holdings) Limited reported a 20.1% decline in revenue for the year ended December 31, 2024, amounting to HK$560,626,000, compared to the previous year. Despite the revenue drop, the company’s gross profit margin improved to 24.7% due to a shift towards a commission income model. The company also saw a significant increase in other income and gains, driven by a substantial gain from the fair value change of its shareholding in Prima Industrie S.p.A. However, the company faced a revaluation loss in investment properties and a decrease in subsidies from the PRC Government. Operating expenses were reduced through cost-cutting initiatives, and finance expenses decreased by 34.6%, contributing to a more stable financial position.
More about Leeport (Holdings) Limited
Leeport (Holdings) Limited is a company incorporated in Bermuda, operating in the industrial sector. The company and its subsidiaries focus on providing machinery and equipment solutions, with a market emphasis on enhancing operational efficiency and productivity.
Technical Sentiment Signal: Strong Sell
Current Market Cap: €22.03M
See more data about 0387 stock on TipRanks’ Stock Analysis page.