Tian Teck Land Reports Remarkable Turnaround

Tian Teck Land Limited (HK:0266) has released an update.

Tian Teck Land Limited has announced a substantial recovery with a profit of $382,080,000 for the year ended March 31, 2024, bouncing back from a significant loss of $1,551,556,000 the previous year. The company’s revenue slightly decreased, but net valuation gains on investment properties and other operational improvements contributed to the turnaround. Investors might also note the earnings per share improvement to $0.41 from a loss of $1.60 per share in 2023.

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