China Overseas Grand Oceans Group Limited ( (HK:0081) ) has shared an announcement.
China Overseas Grand Oceans Group Limited announced its financial results for 2024, reporting a revenue of RMB45,895 million, a decrease of 18.6% from the previous year. The company’s profit attributable to owners fell by 58.5% to RMB954 million. Despite the challenging market conditions, the company maintained a robust financial position with a net cash inflow and reduced net gearing ratio. The board recommended a final dividend of HK7 cents per share, reflecting a dividend payout ratio of 34.9%. The Chinese property sector faced a downturn in 2024, but policy measures introduced in September aimed to stabilize the market, leading to a rebound in home transactions by the fourth quarter.
More about China Overseas Grand Oceans Group Limited
China Overseas Grand Oceans Group Limited operates in the real estate industry, focusing on property development and sales. The company engages in acquiring land, developing properties, and selling residential and commercial units, primarily in China.
YTD Price Performance: 8.47%
Average Trading Volume: 6,134,552
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.83B
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