Anchorstone Holdings Limited has announced its consolidated financial results for the year ended 31 December 2024. The company reported revenue from contracts with customers amounting to HK$58.514 million, a decrease from the HK$77.199 million recorded in the previous year. This decline was primarily due to a reduction in stone sales, which fell from HK$52.7 million in 2023 to HK$25.301 million in 2024. Conversely, revenue from the supply and installation service increased to HK$33.213 million from HK$24.499 million the previous year. The company's gross profit also declined, from HK$23.949 million in 2023 to HK$15.384 million in 2024. Other significant financial movements include impairment losses under the expected credit losses model, with trade and retention receivables impairment rising to HK$9.882 million from HK$6.781 million, and contract assets impairment increasing significantly from HK$29.456 million to HK$68.447 million. Additionally, impairment losses on the right-of-use asset amounted to HK$1.142 million, up from HK$0.275 million in the previous year. The results reflect the challenges faced by the Group and highlight areas for potential operational improvement.