China Electronics Optics Valley's 2024 Profit Slumps 81%; Shares Down 4%

MT Newswires Live
04-01

China Electronics Optics Valley Union's (HKG:0798) profit attributable to owners in 2024 slumped 81% year on year to 95.7 million yuan from 506.7 million yuan.

Earnings per share fell to 0.013 yuan per share from 0.067 yuan per share a year earlier, according to a Hong Kong Stock Exchange disclosure on Monday.

The commercial business parks operator's revenue dropped 31% to 3.59 billion yuan from 5.22 billion yuan in the previous year, the disclosure said.

No final dividend was recommended. It paid a final dividend of HK$0.025 in 2023.

The company's shares dropped less than 4% in recent trade on Tuesday.

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