An announcement from Agile Group Holdings ( (HK:3383) ) is now available.
Agile Group Holdings Limited reported its annual results for the year ending December 31, 2024, showing a slight increase in revenue to RMB 43,346 million. However, the company faced a net loss of RMB 17,539 million, with a loss attributable to shareholders of RMB 17,216 million. The group’s operational highlights include a pre-sold value of RMB 15.51 billion and a reduction in total debt by RMB 4,637 million. Despite these efforts, the net gearing ratio increased to 103.6%, indicating financial challenges. The company’s strategic focus remains on managing its extensive land bank and optimizing its property development and management operations.
More about Agile Group Holdings
Agile Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in property development, property management, and other related businesses. The company operates across 78 cities and regions, with a significant land bank and a focus on real estate development.
YTD Price Performance: -16.49%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $356.8M
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