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Great Eagle Holdings Reports 2024 Financial Results with Mixed Outcomes

Story Highlights
  • Great Eagle Holdings saw a 4.1% revenue increase but a 16.4% drop in core profit.
  • The company faced a statutory loss, with improved net gearing and slight decrease in book value.
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Great Eagle Holdings Reports 2024 Financial Results with Mixed Outcomes

Great Eagle Holdings ( (HK:0041) ) just unveiled an update.

Great Eagle Holdings Limited announced its 2024 annual financial results, reporting a 4.1% increase in revenue from its core business, although core profit after tax attributable to equity holders decreased by 16.4%. The company’s statutory accounting results showed a significant loss attributable to equity holders, contrasting with a profit in the previous year. The company’s net gearing ratio improved, and the book value per share showed a slight decrease under statutory accounting principles. The announcement highlights the challenges faced by the company in maintaining profitability while managing its diverse investments.

More about Great Eagle Holdings

Great Eagle Holdings Limited operates in the real estate and hospitality industry, focusing on investment properties and hotel operations. The company is involved with Champion REIT, Langham Hospitality Investments, and the U.S. Real Estate Fund, indicating a diversified portfolio in real estate investment and management.

YTD Price Performance: 6.46%

Average Trading Volume: 5,946

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.11B

Find detailed analytics on 0041 stock on TipRanks’ Stock Analysis page.

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