KAM HING INT'L released its annual performance for 2024, with a profit attributable to shareholders of HKD 28.155 million
KAM HING INT'L released its 2024 annual performance, with revenue of HKD 3.824 billion, a year-on-year increase of 6.1%. The company's profit attributable to shareholders was HKD 28.155 million, compared to a loss of HKD 133 million in the same period last year, with basic earnings per share of HKD 0.032 and a proposed final dividend of HKD 0.007 per share. The turnaround from loss to profit was mainly due to the recovery in demand, which drove increases in revenue and gross margin, as well as gains from the sale of subsidiaries
According to the Zhitong Finance APP, KAM HING INT'L (02307) released its performance for the fiscal year 2024, with revenue of HKD 3.824 billion, a year-on-year increase of 6.1%; the profit attributable to ordinary shareholders was HKD 28.155 million, compared to a loss of HKD 133 million in the same period last year; basic earnings per share were HKD 0.032, and a final dividend of HKD 0.007 per share is proposed.
During the period, the group's profitability turned from a loss to a profit, mainly due to the recovery in demand during the year, which drove an increase in revenue and gross profit margin, as well as gains from the sale of a subsidiary
