Tomo Holdings Limited ( (HK:6928) ) has issued an update.
Tomo Holdings Limited reported its annual financial results for the year ending December 31, 2024, showing a significant decrease in revenue by 68.8% compared to the previous year. Despite this, the company managed to reduce its loss for the year by 75.1%, indicating improved cost management and operational efficiency. The gross profit margin saw a substantial increase to 32.9% from 4.6% in 2023, highlighting a positive shift in profitability. However, the company’s cash and cash equivalents decreased by 40.7%, and total assets and equity also saw declines, reflecting a challenging financial environment. These results suggest a mixed impact on stakeholders, with improved profitability metrics but reduced liquidity and asset base.
More about Tomo Holdings Limited
Tomo Holdings Limited, incorporated in the Cayman Islands, operates within the financial sector. The company is listed on the Hong Kong Stock Exchange and focuses on providing financial services and products.
YTD Price Performance: 63.33%
Average Trading Volume: 439,809
Technical Sentiment Signal: Buy
Current Market Cap: HK$44.1M
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