An update from VPower Group International Holdings Limited ( (HK:1608) ) is now available.
VPower Group International Holdings Limited reported a 1.5% increase in revenue to approximately HK$1,520.5 million for the year ended December 31, 2024. The company saw a significant improvement in gross profit, which surged by 531% to HK$291.3 million, and a notable reduction in losses attributable to owners by 91.8% to HK$233.1 million. The Group is actively implementing a business rejuvenation strategy, securing power projects in Indonesia and Uzbekistan, which is expected to bolster its growth momentum and strengthen its market position.
More about VPower Group International Holdings Limited
VPower Group International Holdings Limited is a company incorporated in the Cayman Islands, operating in the energy sector. It focuses on power generation and related services, with significant business operations in the SI (System Integration) and IBO (Investment, Build, and Operate) segments.
YTD Price Performance: 190.0%
Technical Sentiment Signal: Sell
Current Market Cap: €278.3M
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