Jinhui Holdings Returns to Profit in Q4; Shares Rise 16%
MT Newswires Live02-28
Jinhui Holdings (HKG:0137) reported a profit attributable to the owners of $5.2 million for the fourth quarter ended Dec. 31, 2024, compared with a loss of $27.7 million in the previous year, according to a Friday filing with the Hong Kong stock exchange.
Earnings per share were $0.047, compared with a loss per share of $0.254 in the prior-year period.
The company's revenue jumped 80% to $44.2 million from $24.6 million the previous year.
The board recommended a final dividend of $0.03 per share for the year 2024, subject to shareholder approval.
The company's shares were up over 16% in the recent trading.
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