Sterling Group Holdings Limited (HK:1825) has released an update.
Sterling Group Holdings Limited reported a significant downturn in their financial results for the year ending 31 March 2024, posting a net loss of HK$18,360 thousand compared to a profit of HK$19,927 thousand in the previous year. The company saw a decrease in revenue and gross profit margin alongside increased provisions for expected credit loss. These factors led to a drop in EBITDA after expected credit loss, highlighting a challenging fiscal year for the group.
For further insights into HK:1825 stock, check out TipRanks’ Stock Analysis page.
