ORIENTAL EXPL announced its 2024 annual results, with a loss attributable to shareholders of HKD 37.919 million, a year-on-year narrowing of 7.1%
ORIENTAL EXPL announced its 2024 annual results, with revenue of HKD 25.383 million, a year-on-year increase of 8.3%. The loss attributable to shareholders was HKD 37.919 million, a year-on-year narrowing of 7.1%. The basic loss per share was HKD 0.0977, and a final dividend of HKD 0.006 per share is proposed. The loss was mainly due to financing costs of approximately HKD 7.4 million and a fair value loss on investment properties of approximately HKD 42.6 million
According to the Zhitong Finance APP, ORIENTAL EXPL (00430) released its performance for the fiscal year 2024, reporting revenue of HKD 25.383 million, an increase of 8.3% year-on-year; the company's loss attributable to shareholders narrowed to HKD 37.919 million, a decrease of 7.1% year-on-year; basic loss per share was HKD 0.0977; and a final dividend of HKD 0.006 per share is proposed.
The announcement stated that the loss was mainly due to financing costs of approximately HKD 7.4 million (2023: HKD 7.6 million) and a fair value loss on investment properties of approximately HKD 42.6 million (2023: HKD 44.6 million)
