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Semk Holdings Reports Increased Losses Despite Higher Gross Profit Margin

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Semk Holdings Reports Increased Losses Despite Higher Gross Profit Margin

An announcement from Semk Holdings International Limited ( (HK:2250) ) is now available.

Semk Holdings International Limited reported its annual financial results for the year ending December 31, 2024, showing a slight decrease in revenue to HK$128,526,000 from HK$129,542,000 in the previous year. The company recorded a loss of HK$49,340,000, which increased from the previous year’s loss of HK$46,691,000. Despite the financial losses, the segment gross profit margin improved significantly from 34.8% to 46.7%, indicating potential operational efficiencies. However, the company’s financial ratios, such as return on equity and return on total assets, declined, reflecting ongoing challenges in achieving profitability. The current and quick ratios also decreased, suggesting a reduction in liquidity compared to the previous year.

More about Semk Holdings International Limited

Semk Holdings International Limited, incorporated in the Cayman Islands, operates primarily in the e-commerce and character licensing sectors. The company is known for its B.Duck brand and focuses on leveraging its intellectual property across various product lines and markets.

YTD Price Performance: -5.36%

Average Trading Volume: 285,762

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.04B

For detailed information about 2250 stock, go to TipRanks’ Stock Analysis page.

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