Cornerstone Technologies FY24 Revenue Nearly Doubles to HK$153.1 million
HONG KONG, Mar 25, 2025 – (ACN Newswire via SeaPRwire.com) – Cornerstone Technologies Holdings Limited (“Cornerstone Technolgies” or the “Group”; Stock code: 8391), a leading electric vehicle (EV) charging solutions provider in Hong Kong, today announced its audited annual results for the year ended 31 December 2024 (the “Reporting Year”).The Group achieved significant growth in the Reporting Year, with revenue nearly doubling to HK$153.1 million from HK$78.1 million in 2023. Gross profit surged by 91.8% year-on-year to HK$27.3 million. While the adjusted loss before interest, depreciation, and amortization (“Adjusted LBITDA”) further narrowed to HK$41.2 million, reflecting an improved operational efficiency and cost management.Robust Growth Across Core Businesses and Strong Market PotentialCornerstone Technologies’ core businesses – its private residential EV charging subscription service (Cornerstone HOME) and its public charging network (Cornerstone GO) – both demonstrated strong growth. The number of Cor…