Logan Property Holdings Co ( (HK:3380) ) has provided an update.
Logan Group Company Limited reported a net loss of RMB6.62 billion for the year ended December 31, 2024, primarily due to a low gross profit margin amid a continued downturn in the real estate industry and inventory impairment provisions. Despite recognizing revenue of RMB23.26 billion, the company’s financial performance reflects ongoing challenges in the sector, impacting its operations and stakeholders.
More about Logan Property Holdings Co
Logan Group Company Limited operates in the real estate industry, focusing on property development and investment. The company is involved in residential and commercial property projects, primarily targeting the Chinese market.
Technical Sentiment Signal: Buy
Current Market Cap: $694.7M
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