SANDMARTIN INTL (00482) released its annual performance for 2024, with a net loss attributable to shareholders of HK$30.57 million, a year-on-year decrease of 75.85%.

SANDMARTIN INTL (00482) announced its annual performance for the year ending December 31, 2024. The group achieved a revenue of HK$649 million, an increase of 15.42% year-on-year. The loss attributable to owners of the company was HK$305.71 million, a decrease of 75.85% year-on-year. The loss per share was 2.48 HK cents. The financial performance of the group in this year was not ideal. Due to the tightening of global monetary policies, although the group's product revenue increased compared to the same period in 2023, the gross profit margin decreased. The group has taken several measures to mitigate the adverse effects, including but not limited to purchasing from different suppliers to improve the gross profit margin.