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China Tangshang Holdings Announces Registrar Changes
China Tangshang Swings to Loss in Fiscal H1; Shares Slide 5%
CHINA TANGSHANG: Interim Report 2024
The performance of china tangshang (00674.HK) incurred a mid-year loss of 39.39 million yuan, changing from profit to loss.
China Tangshang (00674.HK) announced its interim financial results for the six months ended in September, with revenue of 0.328 billion yuan, a year-on-year decrease of 58.2%. Recorded a loss of 39.39 million yuan, compared to a net profit of 57.64 million yuan in the same period last year, turning from profit to loss; loss per share is 1.15 cents. No interim dividend will be distributed.
china tangshang (00674.HK) mid-term earnings of approximately 0.328 billion HKD, a year-on-year decrease of about 58.1%.
On November 28, Gelonghui reported that china tangshang (00674.HK) announced that for the six months ending September 30, 2024, the group recorded revenue of approximately HKD 328,200,000, a decrease of about 58.1% year-on-year, and a loss of approximately HKD 41,800,000, compared to a profit of approximately HKD 100,300,000 for the same period in 2023. The increase in loss was mainly due to a decrease in revenue from property development business and a reduction in the fair value of completed properties held for sale.
CHINA TANGSHANG: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
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