Chinney Investments Navigates Market Turbulence

Chinney Investments, Limited (HK:0216) has released an update.

Chinney Investments, Limited reported a 3% increase in revenue to HK$1.1 billion for the fiscal year ending March 2024, with underlying profit growing to HK$34.4 million despite a challenging market. However, the company faced a loss of HK$66.7 million attributable to shareholders, mainly due to revaluation losses and deferred taxes, leading to a basic loss per share of HK$0.12. Amidst these headwinds, the company highlighted robust equity and strategic efforts to mitigate office space oversupply and economic downturns in key markets.

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