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An announcement from Glory Sun Land Group Limited ( (HK:0299) ) is now available.
Glory Sun Land Group Limited reported a significant financial downturn for the year ending December 31, 2024, with a consolidated net loss of HK$2,288.5 million compared to HK$827.8 million in 2023. The company’s revenue fell sharply, and it faced substantial losses from operations, largely due to impairments and fair value losses on investment properties, impacting its financial stability and stakeholder confidence.
More about Glory Sun Land Group Limited
Glory Sun Land Group Limited operates in the real estate industry, focusing on property development and investment. The company is involved in the acquisition, development, and management of residential and commercial properties, primarily targeting markets in Hong Kong and Mainland China.
YTD Price Performance: -39.78%
Average Trading Volume: 213,516
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.9M
See more data about 0299 stock on TipRanks’ Stock Analysis page.