NANYANG HOLD released its annual performance, with a loss attributable to shareholders of HKD 147 million, turning from profit to loss year-on-year
NANYANG HOLD released its 2024 annual results, reporting a loss attributable to shareholders of HKD 147 million, turning from profit to loss year-on-year. The group's revenue and other income amounted to HKD 199.97 million, a year-on-year increase of 2%. The loss per share was HKD 4.32, and it proposed a final dividend of HKD 0.7 per share and a special dividend of HKD 0.4 per share. The results included dividend income of approximately HKD 64.1 million from Shanghai Commercial Savings Bank and a net gain of approximately HKD 37.4 million from financial assets, but the non-cash loss from investment properties reached HKD 276.9 million
According to the Zhitong Finance APP, NANYANG HOLD (00212) released its end-of-year results for 2024, reporting revenue and other income of HKD 199.97 million, an increase of 2% year-on-year; the loss attributable to equity holders of the company was HKD 147 million, compared to a profit of HKD 48.961 million in the same period last year; the loss per share was HKD 4.32, and a final dividend of HKD 0.7 per share and a special dividend of HKD 0.4 per share are proposed.
As of December 31, 2024, the company had no bank borrowings. This year's results include dividend income of approximately HKD 64.1 million from Shanghai Commercial Savings Bank Co., Ltd. for its 2023 profits (after deducting 21% withholding tax), net realized and unrealized gains of approximately HKD 37.4 million from financial assets measured at fair value through profit or loss, and investment income of HKD 5 million. It also includes a non-cash and unrealized loss of HKD 276.9 million resulting from changes in the fair value of investment properties (including those owned by a joint venture) (2023: loss of HKD 75.6 million)
