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Vanke Property (Overseas) ( (HK:1036) ) just unveiled an announcement.
Vanke Overseas Investment Holding Company Limited reported its financial results for the year ended December 31, 2024, revealing a significant downturn with a loss of HK$50.53 million compared to a profit of HK$27.7 million in the previous year. The decline in profitability was attributed to increased administrative expenses and a decrease in the fair value of investment properties, impacting the company’s overall financial performance and shareholder returns.
More about Vanke Property (Overseas)
Vanke Overseas Investment Holding Company Limited, incorporated in the Cayman Islands, operates in the real estate industry, focusing on property investment and development. The company is part of a larger group and is listed on the Hong Kong Stock Exchange under the stock code 01036.
YTD Price Performance: 34.92%
Average Trading Volume: 71,225
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$650.5M
See more insights into 1036 stock on TipRanks’ Stock Analysis page.