Far East Consortium International (HK:0035) has released an update.
Far East Consortium International Limited reports a robust financial performance for FY2024, with revenue soaring by 57.5% to HK$10.2 billion, driven by strong property development sales and growth across all business divisions. Despite a challenging economic climate marked by volatile markets and fluctuating interest rates, the Group has excelled by maintaining strategic focus on reducing debt and capitalizing on opportunities. Noteworthy projects contributing to the success include the settlements of West Side Place in Melbourne and Hyll on Holland in Singapore, as well as significant progress in Manchester’s Victoria North development.
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