Shoucheng Holdings Ltd. (HK:0697) has released an update.
Shoucheng Holdings Ltd. reported a significant 42% increase in revenue to HK$935 million for the first nine months of 2024, with gross profit rising by 49% to HK$429 million. Despite the revenue growth, profit attributable to owners decreased to HK$400 million from the previous year’s HK$465 million, influencing earnings per share to fall to HK5.61 cents from HK6.41 cents. The company’s asset-liability and debt-equity ratios have also seen an uptick, indicating a shift in financial structure.
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