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Zhongchang International Reports Increased Losses for FY2024

Story Highlights
  • Zhongchang International Holdings reported a significant net loss for 2024.
  • The company’s comprehensive loss rose to HK$176.8 million due to investment property declines.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Zhongchang International Holdings Group Limited ( (HK:0859) ) has issued an announcement.

Zhongchang International Holdings Group Limited reported its annual results for the year ending December 31, 2024, revealing a significant increase in net loss compared to the previous year. The company faced a substantial decline in the fair value of its investment properties, contributing to a total comprehensive loss of HK$176.8 million, up from HK$72.7 million in 2023, impacting stakeholders and reflecting challenges in its operational and financial performance.

More about Zhongchang International Holdings Group Limited

Zhongchang International Holdings Group Limited is a company incorporated in Bermuda, primarily involved in investment holdings. The company operates in various sectors, focusing on investment properties and related financial activities.

Technical Sentiment Signal: Strong Buy

Current Market Cap: €13.8M

For an in-depth examination of 0859 stock, go to TipRanks’ Stock Analysis page.

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