China Merchants Land Swings to Loss in 2024; Shares Slide 3%

MT Newswires Live

03/13

China Merchants Land (HKG:0978) recorded a loss attributable to owners of 1.85 billion yuan for 2024, compared with a profit of 133.4 million yuan a year earlier, according to a Friday filing with the Hong Kong bourse.

Loss per share was 0.3773 yuan, compared with earnings per share of 0.0272 yuan in the prior year.

Revenue dropped to 20.66 billion yuan from 28.80 billion yuan a year earlier.

The company's shares were down over 3% in the recent trading.

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