South Manganese Investment Limited ( (HK:1091) ) just unveiled an update.
South Manganese Investment Limited reported a significant decline in its financial performance for the year ended December 31, 2024. The company experienced a 22.9% drop in revenue to HK$13,210.5 million and a 56.5% decrease in gross profit to HK$406.4 million. This resulted in an operating loss of HK$375.7 million, compared to a profit in the previous year. The financial downturn was further exacerbated by substantial impairment losses on financial assets, leading to a total loss attributable to the owners of HK$725.1 million. These results indicate challenging market conditions and could impact stakeholder confidence.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda, primarily involved in the manganese industry. It focuses on the production and sale of manganese products, which are essential in steel manufacturing and other industrial applications.
YTD Price Performance: -27.50%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €156.6M
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