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Wong’s International Holdings ( (HK:0099) ) has shared an announcement.
Wong’s International Holdings Limited reported a significant financial downturn for the year ending December 31, 2024, with a loss attributable to owners amounting to HK$837.5 million, compared to a profit of HK$152.7 million the previous year. This decline is primarily due to a substantial decrease in the value of investment properties and completed properties, totaling HK$984.8 million. Despite this, the company’s underlying profit, excluding property value changes, was HK$147.3 million, slightly down from HK$163.1 million the previous year. The results highlight challenges in the real estate market, impacting the company’s financial performance and stakeholder interests.
More about Wong’s International Holdings
Wong’s International Holdings Limited is a company incorporated in Bermuda, primarily engaged in the real estate industry. The company focuses on investment properties and completed properties, with operations involving joint ventures.
YTD Price Performance: 3.45%
Average Trading Volume: 29,542
Technical Sentiment Signal: Buy
Current Market Cap: HK$574.2M
Learn more about 0099 stock on TipRanks’ Stock Analysis page.