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China Merchants Land Limited ( (HK:0978) ) just unveiled an update.
China Merchants Land Limited has announced a significant financial downturn for FY2024, with an estimated loss of approximately RMB1.9 billion compared to a profit of RMB133.4 million in the previous year. This negative performance is attributed to a substantial decrease in the carry-forward scale and gross profit margin of real estate projects, as well as the impact of the property market downturn on its joint ventures and associates.
More about China Merchants Land Limited
China Merchants Land Limited is a company incorporated in the Cayman Islands, focusing on real estate development projects. It operates primarily in the property market, engaging in joint ventures and associations within the industry.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €160.9M
Find detailed analytics on 0978 stock on TipRanks’ Stock Analysis page.