CIRTEK HLDGS released its annual performance, with a profit attributable to shareholders of HKD 61.859 million, turning from a loss to a profit year-on-year
CIRTEK HLDGS released its annual performance for the year ending December 31, 2024, with revenue reaching HKD 551 million, a year-on-year increase of 48%. The profit attributable to the company's owners was HKD 61.859 million, compared to a loss of HKD 25.676 million in the same period last year, with earnings per share of HKD 0.031. With the new factory in Bangladesh commencing production in February 2024, the gross profit margin rose to 49.1%. The company increased its investment in automation equipment and improved its management systems, successfully turning losses into profits
According to the Zhitong Finance APP, CIRTEK HLDGS (01433) announced its annual performance for the year ending December 31, 2024, with the group achieving revenue of HKD 551 million, an increase of 48% year-on-year; the profit attributable to shareholders was HKD 61.859 million, compared to a loss of HKD 25.676 million in the same period last year; earnings per share were HKD 0.031.
With the new factory in Bangladesh completing its relocation and officially commencing production in February 2024, the group enjoys more significant economies of scale, with the gross profit margin rising to 49.1% (2023: 43.7%) during the review year. To further enhance production efficiency and reduce costs while increasing profits, the group has increased its investment in automation equipment and improved its internal management systems. As a result, the group successfully turned a loss into a profit during the review year
