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SOHO China ( (HK:0410) ) has shared an announcement.
SOHO China Limited reported its financial results for the year ending December 31, 2024, highlighting a stabilization in the occupancy rate of its investment properties at approximately 78%. Despite a challenging macroeconomic environment and pressure on the property leasing market, the company achieved a total revenue of RMB1,540 million. The gross profit margin from its property leasing business remained stable at 83%, although the company recorded a loss attributable to owners of RMB113 million. These results reflect the ongoing challenges in the real estate sector and SOHO China’s efforts to maintain operational stability.
More about SOHO China
SOHO China Limited is a prominent player in the real estate industry, focusing on the development and leasing of office and commercial properties. The company is incorporated in the Cayman Islands and operates primarily in the Chinese market, where it manages a portfolio of investment properties.
YTD Price Performance: -16.25%
Average Trading Volume: 2,101
Technical Sentiment Signal: Strong Buy
Current Market Cap: $394.6M
For an in-depth examination of 0410 stock, go to TipRanks’ Stock Analysis page.