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C C Land Holdings Schedules Board Meeting for Annual Results and Dividend Decision
C C LAND (01224.HK) intends to hold a Board of Directors meeting on March 24 to approve the annual performance.
Gelonghui March 12丨C C LAND (01224.HK) announced that the company will hold a Board of Directors meeting on March 24, 2025 (Monday) to (including) approve the release of the annual performance announcement for the year ending December 31, 2024, and to consider the proposal for the final dividend distribution.
Announcement Highlights|BYD completes the Listed in Hong Kong placement with a net financing of over 43 billion Hong Kong dollars; Kanzhun's net profit in Q4 increased by 34.1% year-on-year.
YUE YUEN IND's Net income in 2024 increased by 42.85% year-on-year; Q TECH's camera module sales in February were 23.91 million units, a decrease of 33.4% month-on-month, while fingerprint recognition module sales increased by 153.7% year-on-year.
C C Land Expects 2024 Loss to Narrow
"Profit Warning" C C LAND (01224.HK) expects last year's losses to narrow to 0.65 billion yuan.
C C LAND (01224.HK) issued a profit warning, expecting to record a loss of approximately 0.65 billion yuan for the year ending in December last year, compared to a loss of 1.9 billion yuan for the same period in 2023. The group indicated that the narrowing of the loss was mainly due to a fair value gain of approximately 0.309 billion yuan generated during the revaluation of the group's investment properties located in the United Kingdom last year, while the contribution was offset by a reduction in the income from property sales and impairment losses of the property portfolio from the group's joint ventures.
C C LAND (01224.HK) expects a net loss of approximately 0.65 billion Hong Kong dollars for the fiscal year 2024, compared to a loss of 1.9 billion Hong Kong dollars in the same period.
On March 11, GLONGHUI announced that C C LAND (01224.HK) expects to record a shareholder loss of approximately 0.65 billion HKD for the year ending December 31, 2024, compared to a loss of 1.9 billion HKD in the same period last year. The decrease in annual losses is mainly due to a fair value gain of approximately 0.309 billion HKD generated during the re-evaluation of the group's investment properties in the United Kingdom as of December 31, 2024 (in comparison, a fair value loss of 2 billion HKD was recorded in the same period last year), while part of it has been affected by the reduction in property sales revenue and impairment losses of the property portfolio of the group's joint ventures.