Kerry Properties ( (HK:0683) ) just unveiled an announcement.
Kerry Properties announced its final results for the year ended December 31, 2024, reporting a combined revenue increase of 18% year-on-year, driven by higher sales recognition for development properties. Despite a challenging property market environment in Hong Kong and Mainland China, the company achieved encouraging operational performance, particularly in Hong Kong, where development properties sold well. The company maintained its dividend per share and reported an underlying profit increase of 25%, although profit attributable to shareholders saw a significant decline due to one-off provisions.
More about Kerry Properties
Kerry Properties is a prominent player in the real estate industry, focusing on property development, investment, and management primarily in Hong Kong and Mainland China. The company is known for its premium developments and strategic market positioning.
YTD Price Performance: 30.64%
Average Trading Volume: 8,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.46B
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