Gemdale Properties and Investment Full Year 2024 Earnings: CN¥0.28 loss per share (vs CN¥0.021 profit in FY 2023)
Gemdale Properties and Investment (HKG:535) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥13.2b (down 24% from FY 2023).
- Net loss: CN¥4.57b (down from CN¥342.7m profit in FY 2023).
- CN¥0.28 loss per share (down from CN¥0.021 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Property Development segment contributing a total revenue of CN¥11.9b (90% of total revenue). Notably, cost of sales worth CN¥12.7b amounted to 96% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥4.57b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 535's revenue and expenses shape its earnings.
Gemdale Properties and Investment shares are up 10.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Gemdale Properties and Investment you should be aware of.
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