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Wang On Properties Ltd. ( (HK:1243) ) has issued an announcement.
Wang On Properties Ltd. reported a significant increase in contracted sales and revenue for the year ended March 31, 2025, with sales nearly doubling and revenue more than tripling compared to the previous year. Despite these gains, the company experienced a 33% increase in losses attributable to owners, driven by substantial write-downs of properties and losses from joint ventures, resulting in a reduced net asset value.
More about Wang On Properties Ltd.
Wang On Properties Ltd. is a property development company incorporated in Bermuda, primarily engaged in the development and sale of residential and commercial properties. The company operates in the real estate industry, focusing on the Hong Kong market.
Average Trading Volume: 913,429
Technical Sentiment Signal: Sell
Current Market Cap: HK$516.8M
Find detailed analytics on 1243 stock on TipRanks’ Stock Analysis page.