Summary by Moomoo AI
SINOHOPE TECH announced its annual performance for the year ending September 30, 2024. The company recorded total revenues of approximately 1.569 billion HKD, a year-on-year decrease of 44.6%; however, net profit turned from a loss of 0.289 billion HKD in the same period last year to a profit of 56.34 million HKD. Basic earnings per share were 11.66 HKD cents, compared to a loss of 91.94 HKD cents per share in the previous year.The decline in revenues was primarily due to a 45.9% decrease in incomes from the Cryptos trading business, totaling 1.52 billion HKD. However, the Asset Management business performed outstandingly, with revenues increasing by 495.3% to 25.63 million HKD. The company's successful turnaround from loss to profit was mainly due to the reversal of impairment provisions...Show More
