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