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An announcement from China Overseas Grand Oceans Group Limited ( (HK:0081) ) is now available.
In the first quarter of 2025, China Overseas Grand Oceans Group Limited reported a significant decline in financial performance, with a 22.8% drop in revenue and a 48.6% decrease in operating profit compared to the previous year. The company also experienced a decrease in contracted property sales by 12.5% in value and 15.9% in area sold. Despite these challenges, the company expanded its land holdings by acquiring four new parcels of land, adding to its extensive land bank. The company remains committed to prudent financial management and is closely monitoring external economic factors to maximize long-term shareholder returns.
More about China Overseas Grand Oceans Group Limited
China Overseas Grand Oceans Group Limited operates in the real estate industry, focusing on property development and management primarily in the People’s Republic of China. The company is involved in acquiring land, developing residential and commercial properties, and managing a substantial land bank for future projects.
YTD Price Performance: 3.33%
Average Trading Volume: 7,846,844
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.51B
See more insights into 0081 stock on TipRanks’ Stock Analysis page.