OUC Holdings (08067) released its annual results for the year ended June 30, 2024, with a revenue of 5596 million yuan....
According to the announcement of OUC Holdings (08067), the annual revenue for the year ended on June 30, 2024 was 55.969 million yuan (RMB, the same below), a year-on-year decrease of 9.3%. The loss attributable to owners of the company was 73.861 million yuan, an increase of 220.9% year-on-year, with a basic loss per share of 0.41 yuan.
The decrease in revenue during the period was mainly due to the fact that several educational institutions and commercial tenants within the OUC campus were unable to renew their leases due to the economic slowdown, resulting in a decrease in leasing.
