KA SHUI INT'L released its annual performance, with a loss attributable to shareholders of HKD 61.306 million, an increase of 115.6% year-on-year
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KA SHUI INT'L released its annual performance for the year ending December 31, 2024, with revenue of HKD 1.482 billion, a year-on-year increase of 15.5%. However, the loss attributable to shareholders was HKD 61.306 million, an increase of 115.6% year-on-year, with a basic loss per share of HKD 0.0686. Although the revenue growth was mainly driven by the magnesium alloy business in China and the expansion of the factory in Mexico, the low-margin sales strategy and changes in the product mix led to a decline in overall gross profit margin, while operating costs and financing costs also increased due to business expansion
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