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New Century Group Hong Kong Limited ( (HK:0234) ) has provided an announcement.
New Century Group Hong Kong Limited announced its financial results for the year ended 31 March 2025, reporting a significant decline in profit from continuing operations, with a loss of HK$46,023,000 compared to a profit of HK$25,688,000 in the previous year. This downturn is attributed to fair value losses on investment properties and impairment losses, impacting the company’s earnings per share, which fell to a loss of HK0.96 cent from a profit of HK0.39 cent. The results indicate challenges in the company’s investment strategy and market conditions, affecting stakeholders’ interests.
More about New Century Group Hong Kong Limited
New Century Group Hong Kong Limited is a company incorporated in Bermuda with limited liability, listed on the Hong Kong Stock Exchange. The company operates in the investment sector, focusing on properties and other financial assets.
Average Trading Volume: 800,225
Technical Sentiment Signal: Hold
Current Market Cap: HK$185M
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