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There's Reason For Concern Over Maxicity Holdings Limited's (HKG:2295) Massive 28% Price Jump
Maxicity Holdings Reports Revenue Growth but Decline in Profit for 2024
MAXICITY (02295.HK) is expected to have an income of approximately 0.21 billion HKD in 2024, a year-on-year increase of 22.3%.
On March 25, Glonghui reported that MAXICITY (02295.HK) announced performance for the year ending December 31, 2024, with revenue of approximately 0.21 billion Hong Kong dollars, a year-on-year increase of 22.3%. The total profit and comprehensive income for the year is approximately 8.7 million Hong Kong dollars, a decrease of about 37.3% year-on-year. The Board of Directors does not recommend declaring and paying a final dividend for the year ending December 31, 2024 (2023: none). The increase in the group's revenue is mainly due to the growth in earnings from relatively larger projects.
Express News | Maxicity Holdings FY Gross Profit HKD 17.7 Million
Express News | Maxicity Holdings FY Gross Margin 8.6%
Express News | Maxicity Holdings FY Revenue HKD 205.8 Million
Maxicity Holdings Limited's (HKG:2295) Shares Climb 50% But Its Business Is Yet to Catch Up
