World Super Holdings Ltd. Reports 30% Revenue Drop to HK$16.2 Million, Gross Profit Falls by 45% in 2024 Results

Reuters
03 Jun
World Super Holdings Ltd. Reports 30% Revenue Drop to HK$16.2 Million, Gross Profit Falls by 45% in 2024 Results

World Super Holdings Ltd. has released its audited financial results for the year ended December 31, 2024. The Group reported a revenue of HK$16.2 million, down from HK$23.1 million in the previous year. This decline in revenue was primarily due to a significant decrease in plant hiring income, which fell to HK$5.3 million from HK$9.9 million, and a drop in general sales from trading of machinery, tools, and parts, which decreased to HK$0.8 million from HK$4.0 million. Additionally, transportation and other services income fell to HK$46,000 from HK$812,300. However, the Group reported a new source of revenue from car rental income, amounting to HK$1.5 million. The gross profit for the year was HK$2.0 million, compared to HK$3.6 million in 2023. The Group also noted impairment losses on plant and equipment of HK$4.8 million, up from HK$2.4 million the previous year. Other income and gains or losses showed an improvement, with a loss of HK$1.2 million, compared to a loss of HK$5.3 million in 2023. No specific outlook or guidance was provided in the results announcement regarding future performance or business operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. World Super Holdings Ltd. published the original content used to generate this news brief on June 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10