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Shanghai Zendai Property Ltd. ( (HK:0755) ) has provided an update.
Devgreat Group Limited, formerly Shanghai Zendai Property Ltd., reported its financial results for the year ended December 31, 2024. The company experienced a significant loss from continuing operations, amounting to HK$838.2 million, compared to a profit in the previous year. This was primarily due to a substantial provision for financial guarantees and a decrease in the fair value of investment properties. Despite these challenges, the company managed to achieve a profit from discontinued operations. The results reflect the company’s ongoing financial struggles and the impact of market conditions on its operations.
More about Shanghai Zendai Property Ltd.
Shanghai Zendai Property Ltd., now known as Devgreat Group Limited, is a company incorporated in Bermuda with limited liability. Operating under the stock code 755, the company is involved in the property industry, focusing on real estate development and management.
YTD Price Performance: -46.00%
Average Trading Volume: 29,683
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$80.35M
For a thorough assessment of 0755 stock, go to TipRanks’ Stock Analysis page.