SHUOAO INTL released its annual performance, with a loss attributable to shareholders of HKD 8.125 million, a year-on-year narrowing of 28.18%
SHUOAO INTL released its annual performance for the year ending December 31, 2024, with revenue of HKD 183 million, a year-on-year increase of 33.24%; the loss attributable to shareholders was HKD 8.125 million, a year-on-year narrowing of 28.18%. The basic loss per share was HKD 0.45. The company stated that the expansion of the sales team and the growth in demand for smart home appliances drove revenue and gross profit increases, but the depreciation of the Renminbi and Australian dollar led to increased exchange losses
According to the Zhitong Finance APP, SHUOAO INTL (02336) announced its audited consolidated annual results for the year ending December 31, 2024, with revenue of HKD 183 million, an increase of 33.24% year-on-year; a loss attributable to shareholders of HKD 8.125 million, a year-on-year narrowing of 28.18%; and a basic loss per share of HKD 0.45.
The announcement stated that, overall, with the expansion of the group's sales team and the growing demand for smart home appliances in China, the group's overall revenue and gross profit have improved compared to the same period in 2023. On the other hand, the group confirmed an increase in exchange losses from foreign operations under other comprehensive expenses, mainly due to the depreciation of the Renminbi and Australian Dollar against the Hong Kong Dollar during the reporting period
