Eternity Investment Limited Reports Increased Revenue but Faces Significant Losses in 2024

Story Highlights
Eternity Investment Limited Reports Increased Revenue but Faces Significant Losses in 2024

Eternity Investment Limited ( (HK:0764) ) has provided an announcement.

Eternity Investment Limited reported its audited consolidated results for the year ending December 31, 2024, showing a significant increase in revenue from HK$196,694,000 in 2023 to HK$223,973,000 in 2024. Despite the revenue growth, the company experienced a substantial loss, with a loss before taxation of HK$408,037,000, compared to HK$256,036,000 in the previous year. This was attributed to increased other gains and losses and administrative expenses, impacting the company’s financial performance and posing challenges for stakeholders.

More about Eternity Investment Limited

Eternity Investment Limited is a company incorporated in Bermuda with limited liability, operating in the investment industry. It is listed on the Hong Kong Stock Exchange and focuses on a range of investment activities.

YTD Price Performance: -18.57%

Average Trading Volume: 2,307,142

Technical Sentiment Signal: Buy

Current Market Cap: HK$217.7M

Find detailed analytics on 0764 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App