Ever Glory United Holdings Reports Revenue Surge Amidst Margin Challenges
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Ever Glory United Holdings Limited reported a 57% revenue increase to $74.7 million for the financial year ending December 2024. However, gross profit only rose by 1.9% due to a lack of high-margin projects, contrasting with the previous year's higher margins from a completed project. The company operates in a variable-margin industry, impacting its financial performance. Current market cap stands at S$141.5M with a year-to-date price performance of 41.38%.
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