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Pacific Century Premium Developments Sees Revenue Growth Amid Mixed Regional Performance

Story Highlights
  • Pacific Century Premium Developments saw a 10% revenue increase, reaching HK$901 million in 2024.
  • Strong performance in Japan’s tourism sector led to significant growth in hotel and recreational revenues.
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Pacific Century Premium Developments Sees Revenue Growth Amid Mixed Regional Performance

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Pacific Century Premium Developments Limited ( (HK:0432) ) has issued an announcement.

Pacific Century Premium Developments Limited reported a 10% increase in consolidated revenue to HK$901 million for the year ended December 31, 2024, despite a loss attributable to equity holders amounting to HK$230 million. The company’s operations in Indonesia, Japan, and Thailand showed varied results, with stable performance in Jakarta’s commercial property, strong growth in Japan’s hotel and recreational sectors due to a tourism boom, and ongoing construction projects in Hong Kong. However, there was no revenue from property developments in Japan and Thailand.

More about Pacific Century Premium Developments Limited

Pacific Century Premium Developments Limited operates in the property investment and development industry, with a focus on premium commercial buildings, property development, and hotel operations across regions including Indonesia, Japan, Thailand, and Hong Kong. The company is involved in hotel operations in Japan, manages recreational facilities, and is engaged in property development activities in several countries.

Average Trading Volume: 159,258

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$407.6M

See more insights into 0432 stock on TipRanks’ Stock Analysis page.

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