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GBA Holdings Limited ( (HK:0261) ) has provided an update.
GBA Holdings Limited reported a 27.2% decrease in revenue for 2024, amounting to HK$57.0 million, and a reduced loss of HK$55.8 million, down from HK$98.4 million in 2023. The company’s financial performance was impacted by a decrease in the fair value of financial assets, slow recovery in the high-end catering market in Hong Kong, and weak property selling prices. Despite these challenges, the company continues to sell units in its property projects, with significant portions of Landmark City and Evian Villa already sold.
More about GBA Holdings Limited
GBA Holdings Limited is a company incorporated in Bermuda with limited liability, listed on the Main Board of the Stock Exchange of Hong Kong. The company is involved in property development, with projects located in Anshan, Liaoning Province, PRC. Its key projects include Landmark City, Evian Villa, and CCT Land-Jun Mansion, focusing on residential buildings, retail shops, and underground car parks.
YTD Price Performance: -18.52%
Average Trading Volume: 790,459
Technical Sentiment Signal: Buy
Current Market Cap: HK$102.4M
Learn more about 0261 stock on TipRanks’ Stock Analysis page.