Guanzhong Real Estate (00193) announced interim results for the six months ended January 31, 2024. The group achieved...
According to the Zhitong Finance App, Guanzhong Real Estate (00193) announced interim results for the six months ended January 31, 2024. The group achieved gross profit of HK$20087 million during the period, an increase of 34.23% over the previous year; profit attributable to shareholders was HK$6.326 million; profit attributable to shareholders was HK$9.82 million in the same period last year, turning a loss into a profit over the previous year; basic profit per share was HK$3.26 cents.
According to the announcement, the conversion of loss to profit was mainly due to an increase in the Group's hotel business and property sales revenue and profit attributable to a joint venture of HK$8.9 million, while the loss due for the six-month period ended January 31, 2023 was HK$4.4 million.
