MAINLAND HOLD announced its annual performance, with profit attributable to shareholders of HKD 57.074 million, a year-on-year decrease of 51.61%
MAINLAND HOLD announced its annual performance for the year ending December 31, 2024, with revenue of HKD 1.474 billion, an increase of 3.91% year-on-year; profit attributable to shareholders of HKD 57.074 million, a decrease of 51.61% year-on-year; basic earnings per share of HKD 0.132989, and a proposed final dividend of HKD 0.05 per share. Despite facing uncertainties, the procurement market recovered during the year, with manufacturing business revenue of HKD 932 million, an increase of 13.4% year-on-year
According to the Zhitong Finance APP, MAINLAND HOLD (01100) released its annual performance for the year ending December 31, 2024, with revenue of HKD 1.474 billion, an increase of 3.91% year-on-year; profit attributable to shareholders was HKD 57.074 million, a decrease of 51.61% year-on-year; basic earnings per share were HKD 0.132989; a final dividend of HKD 0.05 per share is proposed.
The announcement stated that despite the uncertainties faced by Europe and the United States due to the ongoing Russia-Ukraine conflict and economic growth slowdown, there are signs of recovery in the procurement market this year. As the backlog of inventory from earlier in the year has nearly been fully digested, purchasers have resumed placing large orders. The group seized this opportunity to secure substantial orders, thereby achieving growth in its manufacturing business. The revenue from the group's manufacturing business for the year was HKD 932 million, an increase of 13.4% year-on-year. Segment operating profit increased by 2.0% year-on-year to HKD 191 million. The manufacturing business accounted for 63.2% of the group's total revenue (2023: 57.9%)
