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ITC Properties Group Schedules 2024 AGM
ITC PROPERTIES: ANNUAL REPORT 2023-2024
ITC Properties Group Logs Wider Loss in Fiscal 2024, Shares Up 7%
ITC PROPERTIES: (REVISED) ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
ITC PROPERTIES: SUPPLEMENTAL AND CLARIFICATION ANNOUNCEMENT IN RELATION TO THE ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2024
ITC Properties (00199.HK) recorded a net loss of HKD 645 million for the fiscal year.
ITC Properties (00199.HK) announced on June 28th that the group sold several properties located in Hong Kong and China as inventory by the end of the fiscal year on March 31st, 2024, resulting in an increase in revenue of 22.4% to HKD 111,100,000 this year. The group recorded a net loss attributable to shareholders of HKD 644.9 million this fiscal year, compared to HKD 146.9 million in the previous financial year. The net loss for this year was mainly due to (i) the full impairment loss of the equity of a joint venture company that directly holds a land parcel in Beijing, China.
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