China Conch Venture's Profit Slides 18% in 2024

MT Newswires Live

2025/03/27

China Conch Venture (HKG:0586) recorded an 18% decline in attributable profit in 2024 to 2.02 billion yuan from 2.46 billion yuan in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Earnings per share were 1.17 yuan in the year, down from 1.36 yuan in 2023.

Revenue for the property manager fell by 22% to 6.27 billion yuan in the year from 8.02 billion yuan a year prior, mainly due to a decrease in projects under construction.

The firm proposed a final dividend of HK$0.30 per share for the year.

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