China Chengtong Development Group Limited ( (HK:0217) ) just unveiled an announcement.
China Chengtong Development Group Limited announced its 2024 financial results, revealing a 25% decrease in revenue to approximately HK$552.64 million due to a cautious approach in new leasing business amidst economic uncertainties. The company’s consolidated profit after tax fell by 43% to HK$38.75 million, impacted by a decrease in gross profit margin and fair value loss on investment properties. Despite these challenges, the company maintained a healthy financial position with a sound interest coverage ratio and declared a final dividend of HK0.20 cent.
More about China Chengtong Development Group Limited
China Chengtong Development Group Limited operates in the leasing industry, focusing on leasing services and investment properties, primarily within the Chinese market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €73.48M
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