Clarke Inc. ( (TSE:CKI) ) has issued an announcement.
Clarke Inc. reported a significant increase in net income for the year ended December 31, 2024, with earnings rising to $37.8 million from $3.4 million in 2023. This improvement was primarily driven by substantial fair value adjustment gains on investment and hotel properties. The company’s comprehensive income also saw a notable rise, reaching $46.4 million, attributed to increased earnings and larger revaluation gains. Clarke’s book value per common share increased by 20.1%, and its earnings per share rose to $2.71. In the fourth quarter of 2024, Clarke’s net income was $21.5 million, with hotel and rental revenue increasing due to the opening of a new residential development phase.
More about Clarke Inc.
Clarke Inc. operates in the investment and property management industry, focusing on investment properties and hotel properties. The company is involved in the development and management of real estate assets, with a market focus on maximizing the value of its property investments.
YTD Price Performance: -5.08%
Average Trading Volume: 2,160
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$311.8M
See more data about CKI stock on TipRanks’ Stock Analysis page.