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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.