In 2024, STK’s after-tax profit recorded a 15% decrease compared to 2023. The main reasons are a decline in revenue from key products amidst increased market competition and rising input costs that significantly impacted profit margins. Despite implementing various cost reduction measures and improving production efficiency, the outcomes haven’t met expectations. Prior investments that didn’t yield anticipated returns also contributed to the profit drop. To address this, STK plans to adjust its business strategy, enhance new product marketing, and expand its consumer market. The company assures that further detailed reports will be provided in the upcoming announcements and will continue efforts to improve its financial results in the coming years.
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