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China Resources Land ( (HK:1109) ) has issued an announcement.
China Resources Land Limited reported a significant increase in its performance for December 2024, with gross contracted sales rising by 52.4% year-over-year to approximately RMB32.0 billion. However, for the entire year, gross contracted sales decreased by 15.0% compared to the previous year. Despite the annual decline in sales, the company saw consistent growth in its recurring revenue, particularly from its investment property business, which experienced a 14.0% year-over-year increase in rental income.
More about China Resources Land
China Resources Land Limited operates in the real estate industry, focusing primarily on property development and investment. The company is engaged in contracted sales and has a significant presence in rental income through its investment property business.
YTD Price Performance: -0.70%
Average Trading Volume: 13,010
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.75B
For an in-depth examination of 1109 stock, go to TipRanks’ Stock Analysis page.
