Gemdale Properties and Investment Expects to Swing to Loss in 2024

MT Newswires Live

2025/02/14

Gemdale Properties and Investment (HKG:0535) expects a loss attributable to the owners between 4.2 billion yuan and 4.8 billion yuan for 2024, against an attributable profit of 343 million logged for 2023, a Friday bourse filing said.

The company attributed the expected swing to an increase in impairment losses, a decrease in gross profit margin, and a decrease in the share of profits from joint ventures and associates.

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