SC HOLDINGS released its annual performance report, with a profit attributable to shareholders of HKD 696,000, turning from a loss to a profit year-on-year
SC HOLDINGS released its annual performance for the year ended December 31, 2024, with revenue of HKD 3.232 billion, a year-on-year increase of 11.92%. The profit attributable to the company's owners was HKD 696,000, compared to a loss of HKD 31.846 million in the same period last year, with earnings per share of HKD 0.01. The financial performance turned from loss to profit, mainly due to the recovery in consumer demand for toy products, a decrease in average interest rates, and an increase in income from the sale of subsidiaries. Overall, the financial, business, and trade conditions are stable
According to the Zhitong Finance APP, SC HOLDINGS (00413) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of HKD 3.232 billion, an increase of 11.92% year-on-year; the profit attributable to shareholders was HKD 696,000, compared to a loss of HKD 31.846 million in the same period last year; earnings per share were HKD 0.01.
The announcement stated that the financial performance turned from loss to profit, attributed to the recovery in consumer demand for toy products driving improvements in trade and manufacturing business performance; a decrease in average interest rates leading to lower financial costs; and an increase in confirmed gains from the sale of subsidiaries compared to 2023. The overall financial, business, and trade conditions of the group remain robust
