KEYNE LTD Announces 2024 Results with Net Profit of Approximately HK$615 Million, Turning from Loss to Profit

Deep News

10/02

KEYNE LTD (00009) announced its 2024 annual results, reporting revenue of HK$455,000, a decrease of 98.83% year-on-year. The company achieved a net profit of approximately HK$615 million, representing a turnaround from loss to profit compared to the previous year. Earnings per share reached HK$0.1722.

According to the announcement, the revenue decline was attributed to the forced termination of leases in early 2024 following a court order. Property sales did not contribute to total revenue as the townhouse development is expected to be completed by mid-2024 (compared to HK$21.165 million in 2023).

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The company achieved a net profit of approximately HK$615 million, representing a turnaround from loss to profit compared to the previous year. Earnings per share reached HK$0.1722.</p>\n<p>According to the announcement, the revenue decline was attributed to the forced termination of leases in early 2024 following a court order. 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