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Soundwill Holdings ( (HK:0878) ) just unveiled an announcement.
Soundwill Holdings Limited reported its annual results for the year ended December 31, 2024, showing a significant increase in revenue to HK$1,230 million from HK$396 million in 2023. However, the company faced a substantial net fair value loss on investment properties amounting to HK$2,901 million, leading to a loss before income tax of HK$2,408 million. The loss attributable to owners was HK$2,492 million, resulting in a basic loss per share of HK$8.80. The company’s total assets decreased to HK$17,975 million from HK$21,000 million, and the net asset value per share dropped to HK$55.3. Despite the challenging financial results, the gearing ratio remained low at 9%, indicating a stable financial structure.
More about Soundwill Holdings
Soundwill Holdings Limited is a company incorporated in Bermuda, operating in the real estate sector. The company is primarily involved in property investment and development, with a focus on generating revenue through rental income and the sale of goods and services.
YTD Price Performance: 1.71%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $281.5M
See more data about 0878 stock on TipRanks’ Stock Analysis page.