Nanyang Holdings Limited ( (HK:0212) ) has shared an announcement.
Nanyang Holdings Limited reported a loss of HK$146.7 million for the year ending December 31, 2024, compared to a profit of HK$49 million in 2023. The loss was primarily due to a significant decrease in the fair value of investment properties and equity securities. Despite this, the company maintained a profit of HK$130.2 million when excluding these fair value changes. The company’s net asset value per share decreased by 13%, and it declared a total dividend per share of HK$1.10, down from HK$1.30 in the previous year. The financial results reflect the challenges faced by the company in managing its investment portfolio amidst fluctuating market conditions.
More about Nanyang Holdings Limited
Nanyang Holdings Limited is a company incorporated in Bermuda with limited liability, operating in the financial sector. It primarily focuses on investment properties and financial assets, with a significant market presence in Hong Kong.
YTD Price Performance: 2.04%
Average Trading Volume: 4,422
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$849.2M
Learn more about 0212 stock on TipRanks’ Stock Analysis page.
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