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SMC Electric Limited Reports Increased Revenue and Profit for 2024

Story Highlights
  • SMC Electric Limited operates in the electric industry with a presence on the Hong Kong Stock Exchange.
  • The company reported increased revenue and profit for 2024, indicating strong financial performance.
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SMC Electric Limited Reports Increased Revenue and Profit for 2024

SMC Electric Limited ( (HK:2381) ) just unveiled an announcement.

SMC Electric Limited announced its audited consolidated annual results for the year ending December 31, 2024, reporting a revenue increase to HK$257,278,000 from HK$232,920,000 in 2023. The company achieved a gross profit of HK$71,075,000 and a profit attributable to owners of HK$26,360,000, reflecting a positive financial performance that may strengthen its position in the electric industry.

More about SMC Electric Limited

SMC Electric Limited is a company incorporated in the Cayman Islands, operating in the electric industry. It focuses on providing electric products and services, with a market presence indicated by its listing on the Hong Kong Stock Exchange under the stock code 2381.

YTD Price Performance: -5.88%

Average Trading Volume: 403,076

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$192M

Find detailed analytics on 2381 stock on TipRanks’ Stock Analysis page.

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