Blue Moon Group Reports Increased Revenue but Faces Significant Loss in 2024

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Blue Moon Group Reports Increased Revenue but Faces Significant Loss in 2024

Blue Moon Group Holdings Ltd. ( (HK:6993) ) has shared an announcement.

Blue Moon Group Holdings Limited reported its annual results for the year ended December 31, 2024, showing an increase in revenue to HK$8.56 billion from HK$7.32 billion in 2023. Despite the revenue growth, the company experienced a significant loss of HK$749.31 million, compared to a profit of HK$325.31 million the previous year, attributed to increased selling and distribution expenses. The board has recommended a final dividend of HK6.0 cents per share. The announcement also included a change in the use of unutilized net proceeds, which may impact the company’s future financial strategy and stakeholder interests.

More about Blue Moon Group Holdings Ltd.

Blue Moon Group Holdings Limited is a company incorporated in the Cayman Islands, operating in the consumer goods industry. It focuses on producing and distributing household cleaning products, with a market presence primarily in Hong Kong and China.

YTD Price Performance: -4.19%

Average Trading Volume: 1,620,621

Technical Sentiment Signal: Hold

Current Market Cap: HK$17.93B

See more insights into 6993 stock on TipRanks’ Stock Analysis page.

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