Guangdong Land Holdings Reports Mixed 2024 Financial Results Amid Revenue Surge

Guangdong Land Holdings Limited ( (HK:0124) ) has provided an announcement.

Guangdong Land Holdings Limited announced its annual results for 2024, reporting a significant increase in revenue by 74.3% to HK$6.76 billion and gross profit by 110.1% to HK$780.25 million compared to the previous year. Despite these gains, the company experienced a loss attributable to owners of HK$1.38 billion, a reduction of 43.4% from 2023. The company’s financial position shows a decrease in total assets by 17.1% and a substantial increase in the gearing ratio, indicating higher leverage. The results reflect a challenging year with mixed financial performance, impacting stakeholders’ outlook on the company’s future operations and market positioning.

More about Guangdong Land Holdings Limited

Guangdong Land Holdings Limited is a company incorporated in Bermuda, operating in the real estate industry. The company focuses on property development and investment, primarily dealing with investment properties and related services.

YTD Price Performance: -31.25%

Average Trading Volume: 18,479

Technical Sentiment Signal: Buy

Current Market Cap: €56.93M

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