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Guoco Group ( (HK:0053) ) has issued an update.
GuocoLand Limited reported its unaudited financial results for the half-year ended December 31, 2024, revealing a decrease in revenue to S$1,010,062,000 compared to the previous year. Despite the drop in revenue, the company achieved a rise in gross profit to S$247,854,000 and profit attributable to equity holders increased to S$74,612,000, indicating improved profitability. The announcement underscores GuocoLand’s resilience and operational efficiency in a challenging market, though no ordinary dividend has been declared for the period.
More about Guoco Group
Guoco Group Limited operates primarily in the real estate sector through its subsidiary GuocoLand Limited, which is listed on Singapore Exchange Securities Trading Limited. The company focuses on property development, investment, and management, with a significant market presence in Singapore and other regions.
YTD Price Performance: -2.95%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.88B
Learn more about 0053 stock on TipRanks’ Stock Analysis page.