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Y.T. Realty Moves Registrar to Tricor Investor Services
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
Y.T. REALTY: 2024 Interim Report
y.t. realty (00075.HK) total revenue in the first half of the year increased by 137.2% year-on-year to 2.72 billion Hong Kong dollars.
On August 29th, Y.T. Realty (00075.HK) announced that in the first half of 2024, the total revenue of the group was HKD 2,723,500,000, a year-on-year increase of 137.2%. Property sales revenue increased from HKD 1,134,200,000 to HKD 2,709,300,000, a growth of 138.9%. In the first 6 months of 2024, the shareholder's attributable net profit of the group was HKD 13,200,000, compared to a loss of HKD 117,100,000 in the same period last year.
Y.T. REALTY: 2024 Interim Results Announcement
y.t. realty (00075.HK) is expected to turn losses into profits in the medium term.
Y.T. Realty (00075.HK) announced on August 23 that for the six months ended June 30, 2024, the group expects to record a net amount of estimated comprehensive profit attributable to shareholders of approximately HKD 10 million to HKD 20 million, compared to a net loss of HKD 11.71 million in the same period last year. The expected turnaround from loss to profit is mainly due to the increase in property sales revenue contributing to the increase in net income and the reduction in investment property revaluation loss, partially offset by impairment losses from several property development projects.
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