China Overseas Property Holdings Reports Strong 2024 Financial Performance Amid Global Challenges

An announcement from China Overseas Property Holdings ( (HK:2669) ) is now available.

China Overseas Property Holdings Limited announced its annual results for the year ending December 31, 2024, reporting a 7.5% increase in revenue to RMB14,023.8 million and a 12.5% rise in profit attributable to ordinary equity holders to RMB1,510.9 million. The company also saw a 7.4% growth in gross floor area under management, with a strategic focus on optimizing its portfolio for balanced business development. Despite global economic challenges and a slowdown in the property management industry’s expansion, the company maintained operational efficiency and recommended a final dividend of HK9.5 cents per share, reflecting its commitment to shareholder returns.

More about China Overseas Property Holdings

China Overseas Property Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in property management services. The company focuses on managing a diverse portfolio of residential and non-residential projects, with a significant portion of its business sourced from independent third parties.

YTD Price Performance: 1.67%

Average Trading Volume: 5,860

Technical Sentiment Signal: Sell

Current Market Cap: $2.18B

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