tiprankstipranks
Trending News
More News >

Wing Lee Property Investments Reports Significant Losses in 2024

Story Highlights
  • Wing Lee Property Investments Ltd. operates in the real estate industry, focusing on property investments.
  • The company reported a significant net loss of HK$234.3 million for 2024, impacted by decreased property values.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wing Lee Property Investments Reports Significant Losses in 2024

Don’t Miss TipRanks’ Half-Year Sale

Wing Lee Property Investments Ltd. ( (HK:0864) ) has issued an announcement.

Wing Lee Property Investments Ltd. announced its annual results for the year ended 31 December 2024, reporting a significant net loss of HK$234.3 million, compared to a loss of HK$47.1 million in the previous year. The company’s financial position was impacted by a substantial decrease in the fair value of its investment properties, leading to a total comprehensive expense of HK$274.3 million for the year, highlighting challenges in maintaining asset value and profitability.

More about Wing Lee Property Investments Ltd.

Wing Lee Property Investments Ltd. is a company incorporated in Bermuda, operating in the real estate industry. It focuses on property investments and management, primarily dealing with investment properties.

YTD Price Performance: 5.56%

Average Trading Volume: 22,136

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$73.37M

Find detailed analytics on 0864 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1