Lonking Holdings' Profit Soars, Revenue Drops in 2024

MT Newswires Live

03/27

Lonking Holdings' (HKG:3339) net profit attributable to owners in 2024 soared to 1.02 billion yuan or 0.24 yuan per share, according to a Hong Kong Stock Exchange filing on Wednesday.

The attributable profit a year earlier was 645.4 million yuan or 0.15 yuan per share.

The construction machinery manufacturer's revenue in the same period dropped to 10.2 billion yuan from 10.5 billion yuan, the filing said.

The company's shares closed over 6% higher.

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