tiprankstipranks

Sky Blue 11 Company Limited Reports Significant Financial Losses for 2024

Story Highlights
Sky Blue 11 Company Limited Reports Significant Financial Losses for 2024

Balk 1798 Group Limited ( (HK:1010) ) has issued an update.

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, announced its annual results for the year ended December 31, 2024. The company reported a significant decline in revenue from HK$113,970,000 in 2023 to HK$36,034,000 in 2024. The company also faced increased impairments on financial and non-financial assets, leading to a substantial loss before tax of HK$164,565,000 compared to HK$44,254,000 in the previous year. The total comprehensive loss for the year was HK$165,229,000, indicating a challenging financial year for the company.

More about Balk 1798 Group Limited

YTD Price Performance: -45.00%

Average Trading Volume: 1,849,379

Technical Sentiment Signal: Buy

Current Market Cap: HK$102.6M

Find detailed analytics on 1010 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