Rimbaco Group Global Swings to Loss in 2024

MT Newswires Live

2025/01/29

Rimbaco Group Global (HKG:1953) recorded a loss of 1.6 million yuan in 2024, against a profit of 20.0 million yuan logged for the preceding year, a Friday filing with the Hong Kong Exchange said.

Earnings per share stood at 0.0012 yuan for the reporting year, compared with 0.0159 yuan recorded for the year-ago period.

The contractor's revenue for this fiscal year was 289.2 million yuan, 43% lower than the 510.4 million yuan booked a year ago.

The company attributed the decrease in revenue to smaller newer projects or the newer projects being in the early stages of construction.

Price (HKD): $0.12, Change: $-0.0030, Percent Change: -2.44%

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