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New World Development ( (HK:0017) ) has issued an update.
New World Development reported a decrease in revenues and gross profit for the first half of the 2024/2025 financial year, with a notable loss attributable to shareholders due to market fluctuations and non-cash impairment losses. Despite these challenges, the company achieved significant contracted sales in both Hong Kong and Mainland China, with strong performance in residential projects like The Pavilia Forest. The company continues to focus on cost control and has reduced its short-term and total debt, although it has decided not to declare an interim dividend for this financial year.
More about New World Development
New World Development is a prominent company in the real estate industry, primarily focusing on property development and investment in Hong Kong and Mainland China. The company is involved in residential and commercial projects, with a significant presence in the Greater Bay Area.
YTD Price Performance: -4.53%
Average Trading Volume: 101
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.55B
For detailed information about 0017 stock, go to TipRanks’ Stock Analysis page.