GoFintech Innovation Full Year 2024 Earnings: HK$0.009 loss per share (vs HK$0.056 loss in FY 2023)

GoFintech Innovation (HKG:290) Full Year 2024 Results

Key Financial Results

• Net loss: HK$30.7m (loss narrowed by 48% from FY 2023).
• HK$0.009 loss per share (improved from HK$0.056 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Securities Brokerage and Margin Financing (Including Proprietary Trading) segment contributing a total revenue of HK$34.4m (83% of total revenue). Notably, cost of sales worth HK$20.7m amounted to 50% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$35.8m (70% of total expenses). Explore how 290's revenue and expenses shape its earnings.

GoFintech Innovation shares are down 2.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with GoFintech Innovation (including 1 which makes us a bit uncomfortable).

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