China South City Reports Increased Revenue but Faces Significant Losses in 2024

China South City Holdings Limited ( (HK:1668) ) has issued an update.

China South City Holdings Limited reported its annual results for the year ended December 31, 2024, showing a 16.4% increase in revenue to HK$4,083,380,000. However, the company faced a significant increase in losses, with a loss for the year amounting to HK$8,975,904,000, more than double the previous period’s loss. This increase in losses is attributed to factors such as fair value losses on investment properties and higher finance costs. The announcement highlights the financial challenges the company is facing, which may impact its market position and stakeholders’ confidence.

More about China South City Holdings Limited

China South City Holdings Limited is a company incorporated in Hong Kong, focusing on the development and management of integrated logistics and trade centers in China. The company provides a range of services including property development, property investment, and property management, catering to various industries and businesses across the region.

YTD Price Performance: -30.0%

Average Trading Volume: 10,000

Technical Sentiment Signal: Buy

Current Market Cap: €224.9M

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