Perennial Energy Reports Decrease in 2024 Financial Results

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Perennial Energy Reports Decrease in 2024 Financial Results

Perennial Energy Holdings Ltd. ( (HK:2798) ) just unveiled an announcement.

Perennial Energy Holdings Limited announced its annual financial results for the year ended December 31, 2024, reporting a slight decrease in revenue to approximately RMB1,706.1 million, down 0.6% from the previous year. The company experienced a 6.3% decline in gross profit to RMB885.1 million, with the gross profit margin dropping by 3.1 percentage points to 51.9%. The profit and total comprehensive income also saw a decrease of 12.7% to RMB440.2 million. No final dividend was proposed for the year, reflecting a cautious approach amidst the financial downturn.

More about Perennial Energy Holdings Ltd.

Perennial Energy Holdings Limited is a company incorporated in the Cayman Islands, operating within the energy sector. The company is listed on the Hong Kong Stock Exchange and focuses on energy-related products and services.

YTD Price Performance: -14.55%

Average Trading Volume: 661

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €158.5M

See more data about 2798 stock on TipRanks’ Stock Analysis page.

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