Tian An China Investments Co ( (HK:0028) ) has shared an update.
Tian An China Investments Company Limited reported its audited financial results for the year ending December 31, 2024, showing a decline in profitability. The company experienced a loss of HK$142.9 million compared to a profit of HK$1.31 billion in the previous year, attributed to increased administrative expenses and a decrease in the fair value of investment properties. Despite a rise in revenue to HK$3.01 billion, the company’s financial performance was impacted by various impairments and increased finance costs, affecting its overall market positioning.
More about Tian An China Investments Co
Tian An China Investments Company Limited operates in the real estate industry, focusing on property development and investment. The company is engaged in the development of residential, commercial, and industrial properties, primarily in China.
YTD Price Performance: 5.54%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $879.2M
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