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The latest announcement is out from ITC Properties Group Limited ( (HK:0199) ).
ITC Properties Group Limited reported a significant increase in revenue for the year ended 31 March 2025, reaching HK$398 million, largely due to the sale of properties in Hong Kong and the UK. However, the company faced a net loss of HK$813 million, attributed to global economic challenges and a downturn in the real estate market. The company implemented measures to improve liquidity, including selling its interests in a hotel in Canada and joint ventures, which resulted in losses. Additionally, ITC Properties reached a compensation agreement with the Sanya City government in China, gaining HK$223.5 million. Despite these efforts, the company decided not to distribute dividends for the year.
More about ITC Properties Group Limited
ITC Properties Group Limited operates in the real estate industry, focusing on property development and investment. The company is involved in managing a portfolio that includes properties and hotels, with a market focus on Hong Kong, the United Kingdom, and Canada.
Average Trading Volume: 295,392
Technical Sentiment Signal: Sell
Current Market Cap: HK$212.3M
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