tiprankstipranks

Ten Pao Group Announces Strong Financial Results for 2024

Story Highlights
Ten Pao Group Announces Strong Financial Results for 2024

Ten Pao Group Holdings Limited ( (HK:1979) ) has issued an update.

Ten Pao Group Holdings Limited announced its audited consolidated results for the year ending December 31, 2024, reporting a revenue increase of 11.7% to HK$5,385.7 million, and a gross profit rise of 15.5% to HK$1,048.2 million. The company’s profit before income tax grew by 10.1% to HK$427.0 million, and profit attributable to owners increased by 16.7% to HK$383.9 million, highlighting a strong financial performance and a proposed final dividend of HK6.0 cents per share, pending shareholder approval.

More about Ten Pao Group Holdings Limited

Ten Pao Group Holdings Limited, incorporated in the Cayman Islands, operates in the electronics industry, focusing on the production of power supply units and related products.

YTD Price Performance: 33.33%

Average Trading Volume: 414,051

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$2.1B

Learn more about 1979 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