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China Overseas Property Posts Strong H1 2024 Results
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China Overseas Property Posts Strong H1 2024 Results

China Overseas Property Holdings (HK:2669) has released an update.

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China Overseas Property Holdings Limited reported a robust financial performance for the first half of 2024, with a 9.0% revenue increase to RMB 6,838.4 million and a 16.0% jump in profit attributable to shareholders, reaching RMB 737.5 million. The gross floor area under the group’s management expanded by 5.3%, and an interim dividend of HK8.5 cents per share was declared, up by 54.5% from the previous year. Despite global economic challenges, including geopolitical tensions and protectionist policies affecting free trade, the company has adapted to the changing real estate market.

For further insights into HK:2669 stock, check out TipRanks’ Stock Analysis page.

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