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Times Neighborhood Holdings Reports 2024 Annual Results with Increased Core Net Profit

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Times Neighborhood Holdings Reports 2024 Annual Results with Increased Core Net Profit

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Times Neighborhood Holdings Ltd. ( (HK:9928) ) has provided an announcement.

Times Neighborhood Holdings Limited reported a revenue of approximately RMB2,388.8 million for the year ended December 31, 2024, marking a 3.3% decrease from the previous year. Despite a decline in gross profit and net profit, the core net profit attributable to owners of the parent increased by 10.5% to approximately RMB175.2 million after excluding non-recurring expenses. The company recommended a final dividend of RMB3.6 cents per ordinary share, indicating a positive outlook for shareholders.

More about Times Neighborhood Holdings Ltd.

Times Neighborhood Holdings Limited is a company incorporated in the Cayman Islands, operating in the property management industry. It focuses on providing property management services, with a total contracted gross floor area (GFA) of approximately 125.8 million square meters and a total GFA under management of approximately 118.8 million square meters as of the end of 2024.

YTD Price Performance: -10.23%

Average Trading Volume: 1,031,306

Technical Sentiment Signal: Buy

Current Market Cap: HK$388M

See more insights into 9928 stock on TipRanks’ Stock Analysis page.

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