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VOLCANO SPRING: Annual Report 2024
Volcano Spring International Holdings Limited's (HKG:1715) 32% Share Price Surge Not Quite Adding Up
Volcano Spring International Holdings Reports Financial Results for 2024
VOLCANO SPRING: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
VOLCANO SPRING (01715.HK) expects a narrowing of the net after-tax loss in 2024 compared to the previous year.
On March 11, Gelonghui reported that VOLCANO SPRING (01715.HK) announced that the group expects to record a net loss of approximately RMB 35.5 million after tax for the fiscal year ending December 31, 2024, compared to a net loss of approximately RMB 49.3 million after tax in the same period of 2023. The decrease in net loss is mainly due to the combined effects of the following: (i) changes in the product mix leading to a decrease in overall gross profit; and (ii) effective cost control measures implemented by the group resulting in reduced administrative and sales and distribution expenses.
VOLCANO SPRING (01715.HK) plans to hold a Board of Directors meeting on March 31 to approve the annual performance.
Gelonghui reported on March 11 that VOLCANO SPRING (01715.HK) announced that the Board of Directors meeting will be held on March 31, 2025 (Monday), to approve (including) the publication of the audited annual performance for the year ending December 31, 2024, for the company and its subsidiaries, as well as to consider the payment of a final dividend (if applicable).
Some Confidence Is Lacking In Volcano Spring International Holdings Limited (HKG:1715) As Shares Slide 32%
