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Colour Life Services Reports Stable 2024 Financial Results Amid Sector Challenges

Story Highlights
  • Colour Life reported a revenue of RMB1,951.3 million and a net profit of RMB36.1 million for 2024.
  • The company’s liabilities to assets ratio increased slightly, but it maintained no interest-bearing debt.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Colour Life Services Group Co ( (HK:1778) ) has shared an announcement.

Colour Life Services Group Co., Limited reported its annual financial results for the year ending December 31, 2024, with a total revenue of approximately RMB1,951.3 million and a net profit of RMB36.1 million. The company’s liabilities to assets ratio slightly increased to 24.3% from the previous year, but it maintained a strong financial position with no interest-bearing debt. The results indicate a stable performance in the property management sector, despite a slight decrease in gross profit and challenges such as impairment losses and administrative expenses.

More about Colour Life Services Group Co

Colour Life Services Group Co., Limited is a company incorporated in the Cayman Islands, primarily engaged in providing property management services. It operates in the real estate sector, focusing on managing a substantial portfolio of properties, with a Total Contracted Gross Floor Area (GFA) of 306.82 million square meters as of the end of 2024.

YTD Price Performance: 0.59%

Average Trading Volume: 469,064

Technical Sentiment Signal: Buy

Current Market Cap: HK$317.6M

For detailed information about 1778 stock, go to TipRanks’ Stock Analysis page.

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