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Ling Yue Services Group Reports 2024 Annual Results with Revenue Growth Amid Profit Decline

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Ling Yue Services Group Reports 2024 Annual Results with Revenue Growth Amid Profit Decline

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Ling Yue Services Group Limited ( (HK:2165) ) just unveiled an announcement.

Ling Yue Services Group Limited reported its annual results for the year ended 31 December 2024, with a revenue increase of 7.2% to RMB652.9 million. Despite the revenue growth, the company experienced a decrease in gross profit by 5.7% and a net profit decline of 17.6%, attributed to increased costs and impairment losses. The company managed 272 projects with a gross floor area of 31.6 million sq.m. and decided not to recommend a final dividend for the year.

More about Ling Yue Services Group Limited

Ling Yue Services Group Limited is a company incorporated in the Cayman Islands, operating in the property management industry. The company is involved in managing a significant number of projects and gross floor area, focusing on providing comprehensive property management services.

YTD Price Performance: 1.57%

Average Trading Volume: 70,500

Technical Sentiment Signal: Buy

Current Market Cap: HK$368.5M

Find detailed analytics on 2165 stock on TipRanks’ Stock Analysis page.

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