Euro Tech Holdings (CLWT) Q4 2024 Earnings Report

Euro Tech Holdings Company Limited (CLWT) reported a strong performance in Q4 2024, achieving total revenue of $8.12 million, reflecting a year-over-year growth of 2.10% and a sequential increase of 11.92%. The net income surged to $690,000, which marks a remarkable growth of 370.59% year-over-year and an astonishing 1,468.18% quarter-over-quarter increase. This robust growth underscores the company's effective management and improved operational efficiencies throughout the period.

The significant increase in profitability was attributed to a higher gross profit margin of 32.13%, up from 24.59% in the previous year. Additionally, management has highlighted their strategy to optimize costs and enhance productivity, which is reflected in the reduction of operating expenses despite soaring revenues. Investors should keep an eye on the sustainability of these improvements as the company navigates a competitive industrial landscape.