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Wong’s Kong King Reports Decline in Taiwan Subsidiary’s 2024 Profits

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Wong’s Kong King Reports Decline in Taiwan Subsidiary’s 2024 Profits

Wong’s Kong King International (Holdings) Limited ( (HK:0532) ) just unveiled an update.

Wong’s Kong King International (Holdings) Limited announced a significant decrease in the financial performance of its subsidiary, Taiwan Kong King Company Limited (TKK), for the year ended 31 December 2024. TKK reported a 47.36% decline in profit after tax compared to the previous year, with total assets amounting to NT$1,611,926,000. This downturn in financial results may impact the company’s market positioning and investor confidence.

More about Wong’s Kong King International (Holdings) Limited

Wong’s Kong King International (Holdings) Limited is a company incorporated in Bermuda with limited liability, focusing on various industries through its subsidiaries. One of its key subsidiaries, Taiwan Kong King Company Limited, is involved in trading activities and its shares are traded on the Taipei Exchange.

YTD Price Performance: -23.00%

Average Trading Volume: 296,312

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$170.8M

For detailed information about 0532 stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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