---
title: "Ever Glory United Holdings Reports Revenue Surge Amidst Margin Challenges"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/237168003.md"
description: "Ever Glory United Holdings Limited reported a 57% revenue increase to $74.7 million for the financial year ending December 2024. However, gross profit only rose by 1.9% due to a lack of high-margin projects, contrasting with the previous year's higher margins from a completed project. The company operates in a variable-margin industry, impacting its financial performance. Current market cap stands at S$141.5M with a year-to-date price performance of 41.38%."
datetime: "2025-04-23T11:49:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/237168003.md)
  - [en](https://longbridge.com/en/news/237168003.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/237168003.md)
---

# Ever Glory United Holdings Reports Revenue Surge Amidst Margin Challenges

Ever Glory United Holdings Limited ( (SG:ZKX) ) just unveiled an update.

Ever Glory United Holdings Limited reported a significant 57% increase in revenue for the financial year ending December 2024, reaching $74.7 million. However, this growth did not translate into a proportional increase in profitability, as gross profit only rose by 1.9% due to the absence of high-margin projects. The company acknowledged this discrepancy and attributed the previous year’s higher margins to the completion of a high-margin project in 2023.

**More about Ever Glory United Holdings Limited**

Ever Glory United Holdings Limited, incorporated in Singapore, operates in an industry focused on delivering a range of products and services through its subsidiaries. The company is involved in projects that vary in margin, impacting its financial performance.

**YTD Price Performance:** 41.38%

**Average Trading Volume:** 68,296

**Technical Sentiment Signal:** Sell

**Current Market Cap:** S$141.5M

For detailed information about ZKX stock, go to TipRanks’ Stock Analysis page.

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