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The latest update is out from Mingfa Group (International) Co. Ltd. ( (HK:0846) ).
Mingfa Group (International) Co. Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s consolidated revenue decreased by 26.2% to approximately RMB7,030.3 million, and it recorded a substantial increase in consolidated loss to approximately RMB1,809.2 million. This downturn reflects challenges in the real estate market, impacting the company’s profitability and leading the board to decide against recommending a final dividend for the year.
More about Mingfa Group (International) Co. Ltd.
Mingfa Group (International) Co. Ltd. is a company incorporated in the Cayman Islands, primarily involved in the real estate industry. The company focuses on property development and investment, with a market presence that includes both residential and commercial properties.
YTD Price Performance: -32.35%
Average Trading Volume: 168,199
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$700.7M
Learn more about 0846 stock on TipRanks’ Stock Analysis page.
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