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REF HOLDINGS: ANNUAL REPORT 2024
REF's 2024 Profit Plunges
REF HOLDINGS released its 2024 annual performance with a Net income of 5.669 million Hong Kong dollars, a year-on-year decrease of 51.6%.
REF HOLDINGS (01631) announced its annual performance for the year ending December 31, 2024, reporting revenue of 0.106 billion HKD, a decrease of 14.3% year-on-year; net income of 5.669 million HKD, a decrease of 51.6% year-on-year; and basic earnings per share of 2.21 HK cents. The decrease in revenue during the period was mainly due to the transformation to paperless listings, which reduced the demand for printed documents from Hong Kong listed issuers, as well as the continued sluggishness of initial public offerings in the first three quarters of this year.
REF HOLDINGS: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
REF Expects Lower Profit in 2024; Shares Slide 3%
What REF Holdings Limited's (HKG:1631) 25% Share Price Gain Is Not Telling You