CSI Properties Announces Challenging Fiscal Year

CSI Properties (DE:OIHC) has released an update.

CSI Properties Limited reports a significant loss of HK$425.6 million for the fiscal year ending March 31, 2024, contrasting sharply with the previous year’s profit of HK$335.7 million. Despite the challenging economic environment, the Group has witnessed a positive response to the pre-sale of its ‘TOPSIDE RESIDENCES’ project and has been actively improving its commercial property portfolio, including securing the Hospital Authority as a new tenant for ‘Harbourside HQ’. Efforts continue to enhance property management and leasing to navigate through the headwinds faced by the Hong Kong property sector.

For further insights into DE:OIHC stock, check out TipRanks’ Stock Analysis page.