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Shun Ho Holdings Ltd ( (HK:0253) ) has provided an announcement.
Shun Ho Holdings Limited reported a significant increase in net profit after tax attributable to owners, rising by 51% to HK$71 million for the year ending December 31, 2024, before accounting for revaluation and depreciation. Despite this profit increase, the company faced a substantial overall loss of HK$313.4 million, which was influenced by a significant decrease in the fair value of investment properties. The Board decided not to recommend a final dividend for the year, reflecting a cautious approach amidst the challenging financial results.
More about Shun Ho Holdings Ltd
Shun Ho Holdings Limited is a company incorporated in Hong Kong, operating with a focus on property investment and development. The company is involved in managing a portfolio that includes properties for leasing and other related services.
YTD Price Performance: -12.68%
Average Trading Volume: 82,962
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$149.9M
Learn more about 0253 stock on TipRanks’ Stock Analysis page.