Guangdong Investment (HK:0270) has released an update.
Guangdong Investment Limited reported a 10.4% increase in revenue to HK$18.142 billion for the nine months ending September 2024, driven by growth in property investment and development. Despite this, profit before tax declined by 11.2% to HK$5.288 billion due to fair value adjustments in investment properties and other financial impacts. The company’s equity attributable to owners rose by 3.5%, reflecting steady business performance and currency appreciation effects.
For further insights into HK:0270 stock, check out TipRanks’ Stock Analysis page.
