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VSTECS Holdings Limited Reports Strong Financial Growth for 2024

Story Highlights
  • VSTECS Holdings Limited saw a significant rise in revenue and profit in 2024.
  • The company proposed a final dividend of HK$369 million, reflecting strong market positioning.
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VSTECS Holdings Limited Reports Strong Financial Growth for 2024

The latest announcement is out from VSTECS Holdings Limited ( (HK:0856) ).

VSTECS Holdings Limited reported its consolidated financial results for the year ended December 31, 2024, showcasing a significant increase in revenue and profit compared to the previous year. The company’s revenue rose to HK$89.09 billion, up from HK$73.89 billion in 2023, while the profit attributable to equity shareholders increased to HK$1.05 billion from HK$922 million. This growth highlights the company’s strong market positioning and operational efficiency, benefiting stakeholders with a proposed final dividend of HK$369 million.

More about VSTECS Holdings Limited

VSTECS Holdings Limited operates in the technology distribution industry, providing a wide range of IT products and services. The company focuses on distributing technology products and solutions across various markets.

YTD Price Performance: 20.96%

Average Trading Volume: 12,074,578

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$8.86B

See more data about 0856 stock on TipRanks’ Stock Analysis page.

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