LVGEM's 2024 Loss Widens; Shares Down 5%

MT Newswires Live
01 Apr

LVGEM (China) Real Estate Investment's (HKG:0095) loss attributable to owners in 2024 widened year on year to 5.17 billion yuan from 2.13 billion yuan.

Loss per share increased to 1 yuan from 0.417 yuan, according to a Hong Kong Stock Exchange disclosure on Monday.

The property developer's revenue slumped to 3.71 billion yuan from 6.12 billion yuan in the previous year, the disclosure said.

The company's shares fell nearly 5% in recent trade on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10