Longfor Group Reports Stable Growth in Investment Segments Amidst Market Challenges

Longfor Group Holdings ( (HK:0960) ) just unveiled an update.

Longfor Group Holdings Limited announced its annual results for the year ended December 31, 2024, reporting contracted sales of RMB101.12 billion and a revenue of RMB127.47 billion. The company’s investment property operation and property service segments saw a 7.4% increase in revenue, contributing significantly to the company’s profits. Despite a decrease in consolidated total borrowing by 8.5% and maintaining a net debt to equity ratio of 51.7%, the company faced a decline in profit attributable to owners, which stood at RMB10.40 billion. The board recommended a total dividend of RMB0.32 per share, reflecting a cautious yet stable financial strategy amidst a challenging market environment.

More about Longfor Group Holdings

Longfor Group Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in property development, investment property operations, and property services. The company focuses on the real estate industry, with a significant emphasis on investment properties and property services as key contributors to its profits.

YTD Price Performance: -9.52%

Average Trading Volume: 21,800

Technical Sentiment Signal: Strong Buy

Current Market Cap: $8.77B

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