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C&D Property Management Sees Decline in 2024 Financial Results Amid Growth in Core Services

Story Highlights
  • C&D Property Management reported a decline in financial performance for 2024.
  • The company saw growth in property management services with a 7.2% increase in contracted area.
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C&D Property Management Sees Decline in 2024 Financial Results Amid Growth in Core Services

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C&D Property Management Group Co., Ltd. ( (HK:2156) ) has issued an announcement.

C&D Property Management Group Co., Ltd. reported a decline in its financial performance for the year ended December 31, 2024, with revenue, gross profit, and overall profit decreasing by 7.7%, 29.4%, and 40.1% respectively compared to the previous year. Despite these declines, the company experienced growth in its property management services, with a 7.2% increase in contracted gross floor area, and excluding the impact of home furniture services, the company’s core revenue and profit metrics showed positive growth.

More about C&D Property Management Group Co., Ltd.

C&D Property Management Group Co., Ltd. is a company incorporated in the British Virgin Islands, primarily engaged in property management services. The company focuses on managing a wide range of properties, with a significant emphasis on expanding its contracted gross floor area.

YTD Price Performance: 15.48%

Average Trading Volume: 948,700

Technical Sentiment Signal: Sell

Current Market Cap: HK$3.89B

Find detailed analytics on 2156 stock on TipRanks’ Stock Analysis page.

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