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Smart Digital Technology Reports Decreased Revenue and Increased Loss for 2024

Story Highlights
  • Smart Digital Technology reported a revenue drop from HK$80,336,000 to HK$40,369,000.
  • The company faced a total loss of HK$28,382,000 due to high finance costs and liabilities.
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Smart Digital Technology Reports Decreased Revenue and Increased Loss for 2024

Starlight Culture Entertainment Group Limited ( (HK:1159) ) has provided an announcement.

Smart Digital Technology Group Limited has announced its audited annual consolidated results for the year ended December 31, 2024. The company reported a significant decrease in revenue from HK$80,336,000 in 2023 to HK$40,369,000 in 2024, resulting in a gross profit of HK$40,369,000. Despite other income and gains increasing and a net reversal of impairment on trade receivables, the company faced substantial finance costs and changes in fair value of financial liabilities, leading to a loss before tax of HK$26,051,000 and a total loss for the year of HK$28,382,000.

More about Starlight Culture Entertainment Group Limited

YTD Price Performance: -52.00%

Average Trading Volume: 73,574

Technical Sentiment Signal: Buy

Current Market Cap: HK$59.13M

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