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Zhongzheng International Reports Reduced Losses Amid Strategic Shift

Story Highlights
  • Zhongzheng International reports a reduced loss of HK$85-95 million for HY2024/25.
  • The company’s strategic exit from certain operations in China contributed to improved financial results.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhongzheng International Reports Reduced Losses Amid Strategic Shift

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Zhongzheng International Company Limited ( (HK:0943) ) has issued an announcement.

Zhongzheng International Company Limited has announced a significant reduction in its consolidated loss for the six months ending December 2024, compared to the same period in the previous year. The company reported a loss of HK$85 million to HK$95 million, a considerable improvement from the HK$694 million loss recorded in the previous year. This improvement is attributed to the discontinuation of its property development and primary land development businesses in China, and despite impairments on receivables, the company’s continuing operations showed revenue and gross profit growth.

More about Zhongzheng International Company Limited

Average Trading Volume: 1,364,461

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$128.2M

See more data about 0943 stock on TipRanks’ Stock Analysis page.

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