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An announcement from Chinney Investments, Limited ( (HK:0216) ) is now available.
Chinney Investments, Limited reported a challenging financial year ending March 2025, with a 7% decline in revenue to HK$1,027 million and a net operating loss of HK$55.1 million, attributed to delays in project completions and a sluggish property market in China. Despite a difficult environment, the company’s construction and trading businesses saw a significant profit increase, partially offsetting the revaluation losses of HK$490.7 million on investment properties. The overall loss attributable to equity holders was HK$564.0 million, reflecting the broader challenges faced by the real estate sector due to high interest rates, economic uncertainties, and market restructuring.
More about Chinney Investments, Limited
Chinney Investments, Limited operates in the real estate industry, focusing on property development, property investment, and property and carpark management. The company is primarily engaged in the Hong Kong and Mainland China markets.
Average Trading Volume: 79,545
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$341.8M
For detailed information about 0216 stock, go to TipRanks’ Stock Analysis page.