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Shun Tak Holdings Reports Increased Losses for 2024

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Shun Tak Holdings Reports Increased Losses for 2024

Confident Investing Starts Here:

An announcement from Shun Tak Holdings ( (HK:0242) ) is now available.

Shun Tak Holdings Limited reported a consolidated loss attributable to its owners of HK$824 million for the year ending December 31, 2024, compared to a loss of HK$677 million in 2023. The company also announced that no final or interim dividends would be paid for the year. Despite an increase in revenue to HK$4.55 billion, the company faced challenges, including higher costs and significant fair value changes on investment properties, impacting its financial performance.

More about Shun Tak Holdings

Shun Tak Holdings Limited is a company incorporated in Hong Kong with limited liability. It operates in various sectors, including property development, transportation, hospitality, and investment. The company is listed on the Hong Kong Stock Exchange under the stock code 242.

YTD Price Performance: -3.75%

Technical Sentiment Signal: Strong Buy

Current Market Cap: $244.5M

For detailed information about 0242 stock, go to TipRanks’ Stock Analysis page.

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