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Powerlong CM Reports Decline in 2024 Financial Results Amid Stable Operations

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Powerlong CM Reports Decline in 2024 Financial Results Amid Stable Operations

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An announcement from Powerlong Commercial Management Holdings Limited ( (HK:9909) ) is now available.

Powerlong Commercial Management Holdings Limited reported a slight revenue decline of 0.7% for 2024, with a more significant drop in gross profit by 6% and a sharp decrease in profit attributable to shareholders by 52.3%. The company’s operational metrics, such as contracted and operational gross floor area, remained robust, indicating a stable market presence despite financial challenges.

More about Powerlong Commercial Management Holdings Limited

Powerlong Commercial Management Holdings Limited operates in the commercial property management industry, focusing on providing comprehensive operational services for commercial properties. The company manages a significant portfolio of commercial spaces, including shopping malls and office buildings, with a market focus on enhancing the value and efficiency of these properties.

YTD Price Performance: -0.84%

Average Trading Volume: 678,259

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.55B

Find detailed analytics on 9909 stock on TipRanks’ Stock Analysis page.

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