C C Land Holdings expects reduced loss in 2024
C C Land Holdings Limited (HKEX: 1224) projects a loss of approximately HK$650 million attributable to shareholders for the year ended December 31, 2024, a notable improvement compared to the HK$1.9 billion loss recorded in the previous year. The reduction in losses is primarily attributed to fair value gains of around HK$309 million from the revaluation of the Group's investment properties located in the United Kingdom. This contrasts with the HK$2.0 billion in fair value losses recognized in the prior year. While the fair value gains contributed positively, this was partially offset by a decrease in contribution from the Group's joint venture investments resulting from decreased property sales revenue and the impairment losses on its properties portfolio. Shareholders and potential investors are advised to exercise caution and to review the full results announcement for the year ended 31 December 2024 when published by the end of March 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when C C Land Holdings publishes news
Free account required • Unsubscribe anytime