China Overseas Land & Investment ( (HK:0688) ) has issued an update.
China Overseas Land & Investment Limited reported its financial results for the year ended December 31, 2024, highlighting a slight increase in contracted property sales to RMB310.69 billion, despite a 14% decrease in sales area. The company’s revenue reached RMB185.15 billion, with a notable 12.1% increase in revenue from commercial properties. Profit attributable to owners was RMB15.64 billion, and the company maintained a strong financial position with a net gearing of 29.2% and a low average borrowing cost of 3.1%. The company acquired 22 land parcels, adding significant land reserves, and proposed a total dividend of HK60 cents per share for the year.
More about China Overseas Land & Investment
China Overseas Land & Investment Limited is a prominent player in the real estate industry, primarily focusing on property development and investment across mainland China. The company is involved in the acquisition and development of land parcels, commercial properties, and residential projects, positioning itself as a key stakeholder in the Chinese real estate market.
YTD Price Performance: 14.98%
Average Trading Volume: 3,753
Technical Sentiment Signal: Sell
Current Market Cap: $19.84B
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