WORLD-LINK LOG (Asia) announced its 2024 performance, with profit attributable to equity shareholders of HKD 18.972 million, a year-on-year decrease of 5.26%
WORLD-LINK LOG (Asia) announced its 2024 performance, with profit attributable to equity shareholders amounting to HKD 18.972 million, a decrease of 5.26% year-on-year. Revenue was approximately HKD 351 million, an increase of 6.1% year-on-year. The revenue growth was mainly driven by market planning and sales, but overall profit decreased due to unfavorable conditions in the Macau market, rising employee costs, losses from non-wholly-owned subsidiaries, and a high-interest environment. Earnings per share were HKD 0.0378
According to the Zhitong Finance APP, WORLD-LINK LOG (06083) announced its 2024 performance, with revenue of approximately HKD 351 million, a year-on-year increase of about 6.1%. The profit attributable to equity shareholders of the company was HKD 18.972 million, a year-on-year decrease of 5.26%; earnings per share were HKD 0.0378.
The announcement stated that the revenue growth in the 2024 fiscal year was mainly driven by market planning and sales. The decrease in net profit was primarily due to unfavorable local sales conditions in Macau, leading to a reduction in overall distribution sales; higher employee costs due to increased compensation to attract and retain talent; operating losses from a non-wholly-owned subsidiary; and increased financing lease costs due to a high-interest environment, offsetting the profit increase generated from market planning and sales in Hong Kong
