Hon Kwok Land Investment Co., Ltd. (HK:0160) has released an update.
Hon Kwok Land Investment Co., Ltd. reports a 4% increase in annual revenue to HK$1,087 million for the financial year 2024, despite the challenging market conditions, particularly in China. The company’s underlying profit rose to HK$132.1 million, but revaluation markdowns led to a significant drop in profit attributable to shareholders, down to HK$4.6 million. Amidst market pressures, Hon Kwok continues to adapt its strategies, particularly in its office and retail investment portfolio, to maintain competitiveness and manage vacancies.
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