China City Infrastructure Group Limited (HK:2349) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
China City Infrastructure Group Limited reported a decrease in revenue to HK$25,594,000 for the first half of 2024 compared to the same period last year, attributing the drop to its property investment and management businesses. Despite the lower revenue, the company’s gross profit margin improved to 68.2%, although a fair value loss on investment properties contributed to a net loss of approximately HK$36,433,000. Total assets stood at HK$1,183,841,000 as of June 30, 2024.
For further insights into HK:2349 stock, check out TipRanks’ Stock Analysis page.