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An announcement from New Media Lab Limited ( (HK:1284) ) is now available.
New Media Lab Limited announced its audited consolidated results for the year ending December 31, 2024, reporting a decrease in total revenue to HK$207.2 million from HK$220.9 million in 2023, primarily due to weak market sentiment. Despite the challenging business environment, digital advertising remained a significant revenue contributor, accounting for 96.2% of total revenue. The company’s net profit slightly declined to HK$13.5 million, with basic earnings per share at HK2.2 cents. The company recommended a final dividend of HK2.5 cents per share, resulting in total dividends of HK4.17 cents per share for the year. The media business faced increased competition due to market uncertainties, geopolitical tensions, and changes in consumer behavior, impacting advertising spending.
More about New Media Lab Limited
New Media Lab Limited is a digital media flagship group that provides one-stop integrated advertising solutions to brand owners and advertising agencies through several digital media platforms. The company has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since July 2023.
YTD Price Performance: -18.57%
Average Trading Volume: 236,808
Technical Sentiment Signal: Strong Buy
Find detailed analytics on 1284 stock on TipRanks’ Stock Analysis page.