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TERN PROPERTIES: Annual Report 2024
Tern Properties' Fiscal Year 2024 Loss Narrows on Higher Turnover
Tern Properties (00277) will distribute a final dividend of HKD 0.014 per share on September 13.
Tern Properties (00277) announced that a dividend of HKD 0.014 per share will be distributed on September 13, 2024 for the fiscal year ended March 31, 2024.
Tern Properties (00277.HK) reported a yearly loss of HKD 9.8 million for shareholders.
Tern Properties (00277.HK) announced that for the year ending March 31, 2024, the group's revenue generated from property investment was HKD 560 million (2023: HKD 519 million). The increase in revenue was mainly due to the gradual improvement of the business environment since the reopening of the border and the return of tourists in early 2023, resulting in a slight increase in revenue. Shareholders of the company should have a loss of HKD 98 million for the year (2023: HKD 752 million). The board of directors of the company passed a resolution to recommend a year-end dividend of HKD 0.014 per share.
TERN PROPERTIES: ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2024
Tern Properties (00277.HK) held a board of directors meeting on June 19 to consider and approve annual performance.
Tern Properties (00277.HK) announced on June 6th that the board of directors meeting will be held on June 19, 2024 (Wednesday) to consider and approve the annual performance of the company and its subsidiaries for the fiscal year ending March 31, 2024, and to consider the distribution of final dividends (if any).
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