Powell Max Ltd. released its financial results for the fiscal year ending December 31, 2024. The company reported sales of HK$36.5 million (approximately US$4.7 million), a decrease from HK$49.1 million in the previous year. The cost of sales also decreased to HK$22.1 million from HK$25.2 million in 2023. The company experienced a net loss of HK$18.1 million (US$2.3 million), a significant shift from the profit of HK$7.1 million in 2023. Finance costs rose to HK$2.0 million from HK$550,714 in the previous year. Powell Max Ltd. did not report any income tax expenses for the year. The company noted that it is not aware of any trends, uncertainties, or events that are likely to materially affect its financial condition in the near future.
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