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ib settlement (00147.HK) plans to hold a board of directors meeting on November 28 to approve the interim results.
Glory Exchange announced on November 18 that ib settlement (00147.HK) will hold a board of directors meeting on Thursday, November 28, 2024, to consider and approve the interim performance of the company and its subsidiaries for the six months ending November 18, 2024, as well as to consider the distribution of an interim dividend (if any).
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.
IB SETTLEMENT: ANNUAL REPORT 2023/2024
International Business Settlement Holdings' Fiscal 2024 Loss Narrows
Performance: IB settlement (00147.HK) narrowed its annual loss to 59.67 million yuan.
IB Settlement (00147.HK) announced its financial performance for the fiscal year ending in March. Revenue recorded 174 million yuan, a year-on-year decrease of 79%. Losses narrowed from 72.72 million yuan in the previous year to 59.67 million yuan, with a loss per share of 0.29 cents. No final dividend will be paid.
IB settlement (00147.HK) incurred a continuous business loss of approximately 61.33 million Hong Kong dollars in the fiscal year.
As of March 31, 2024, the income from the group's continuing operation business was approximately HK$173,689,000 (2023: HK$825,538,000), according to the announcement of International Business Settlement (00147.HK). This year's revenue mainly comes from the leasing and trading of computer equipment, while last year's revenue mainly comes from the real estate development classification. The revenue from the real estate development classification in the previous year was larger, mainly due to the revenue generated by the completion and delivery of three buildings in Zone F of Zhenghe City. Unfortunately, given the current state of China's real estate industry.
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