Veeko International Posts Annual Net Loss
Company Announcements

Veeko International Posts Annual Net Loss

Veeko International Holdings Limited (HK:1173) has released an update.

Veeko International Holdings Limited reported its annual financial results for the year ended March 31, 2024, revealing a net loss of HK$40,043,000 compared to a profit of HK$5,027,000 the previous year. Despite an increase in revenue from HK$472,625,000 to HK$586,710,000, the company faced higher costs and financial expenses, resulting in a loss before tax of HK$38,411,000. The firm also reported other comprehensive income, primarily from property revaluation, leading to a total comprehensive income of HK$15,546,000 for the year.

For further insights into HK:1173 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!