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CAPITAL ESTATE: RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 JULY 2024
Capital Estate Limited Anticipates Major Profit Turnaround
Capital Estate (00193.HK) Profit Alert: Expected annual net profit not less than 4 million Hong Kong dollars.
Grandall Intelligence October 18th news | Capital Estate (00193.HK) announced that the group expects a profit attributable to owners of the company of no less than 4 million Hong Kong dollars for the fiscal year ending July 31, 2024, while a loss of 30 million Hong Kong dollars was recorded for the fiscal year ending July 31, 2023. As of the fiscal year ending July 31, 2024, the group turned losses into profits, mainly due to (i) increased revenue from the group's hotel business and property sales; and (ii) profits attributable to a joint venture exceeding 18 million Hong Kong dollars, compared to a loss of 1 million Hong Kong dollars in the previous fiscal year.
Capital Estate (00193.HK) plans to hold a board of directors meeting on October 30 to approve the annual performance.
Capital Estate (00193.HK) announced that the board of directors will hold a meeting on October 30, 2024 (Wednesday) to approve the publication of the annual performance of the company and its subsidiaries for the year ending July 31, 2024.
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.
Capital Estate Delays Key Acquisition Document Dispatch
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