Century City Projects Increased Interim Net Loss

Century City International Holdings Limited (HK:0355) has released an update.

Century City International Holdings Limited warns of a significant net loss of HK$423 million for the first half of 2024, a stark increase from the previous year’s loss. The group’s property sales suffered due to a real estate market downturn, although its hotel business saw a 60% growth in operating profits. The company urges shareholders and potential investors to exercise caution when dealing in the company’s shares.

For further insights into HK:0355 stock, check out TipRanks’ Stock Analysis page.